LINK/USDT is trading at 11.481, below the prior daily close of 11.83 and under the technical support level of 11.531. The move equals 0.8 times the 14‑day average true range and falls short of the 2.0‑ATR multiple threshold set for a significant break. Over the past 24 hours the asset posted a -4.79% change, with a high of 12.091 and a low of 11.36. The quoted volume reached 18.1 million USD. The 14‑period RSI sits at 40 and the ADX reads 24.6, suggesting a moderate trend. EMA50 is at 12.382 while EMA200 is at 10.524, placing LINK above the longer‑term average but below the shorter‑term average, within a BULL regime. The previous resistance stood at 12.075. Market sentiment shows a Fear‑Greed index of 51 (Neutral) and Bitcoin dominance remains at 59.5%.
LINK breaks below 11.531 support, trades at 11.48
LINK/USDT slipped below the 11.531 support level, trading at 11.481, with a 0.8‑ATR move and RSI at 40.
Neuralis Cap article
Data: Neuralis Cap (Binance daily candles, Alternative.me Fear & Greed, CoinGecko BTC dominance)
Market impact
If the price stays below the 11.531 support, it may test the low of 11.36 or find support near the EMA200 at 10.524; a bounce above the level would shift focus to the EMA50 at 12.382 and the prior resistance of 12.075. The neutral fear‑greed environment and strong Bitcoin dominance could either sustain downside pressure or cap any recovery, depending on how volatility evolves.
Neuralis Cap analysis for informational purposes only. It does not constitute investment advice.
Article written by Neuralis Cap with AI assistance solely from the data and primary sources listed. It does not constitute investment advice.
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