LINK is at a technical inflection point, marked by a short-term correction but with key institutional catalysts on the near horizon.
This is what you should consider for trading LINK at the beginning of the month:
1. Price Levels and Technical Action
Current quote: LINK is trading in a range of $12.00 to $14.00, showing signs of consolidation after testing critical supports.
Critical Support: The level of $11.50 - $11.68 is fundamental. If LINK remains above, MEXC News analysts maintain a bullish outlook with bounce targets.
Immediate Resistance: To regain momentum, the price must break with volume the zone of $12.35 and subsequently the psychological level of $14.00 - $15.00.
2. Upcoming Institutional Catalyst
A determining factor for trading this month is the announcement of Chainlink futures on the CME Group, scheduled for February 9, 2026. Historically, the proximity of these institutional events generates:
Increase in Volatility: An increase in trading volume is expected during this first week of February.
Speculation "Buy the Rumor": Many traders are positioning themselves ahead of the launch date, which could support the price despite the overall weakness of the market.
3. Trading Strategy for Today
Sentiment: "Neutral with a bearish bias" in the short term due to LINK trading below its 20 and 50-day moving averages ($12.84 - $12.87).
Indicators: The RSI is at oversold or neutral levels (around 30-38), suggesting that much of the selling pressure may have ended, opening the door to a "relief rally."
Monthly Outlook: If the support of $11.50 holds, the target for the end of February is between $14.50 and $16.50.
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