LINK/USDT slipped to 11.391, breaking the prior support level of 11.531. The move corresponds to 0.6 of the 14‑day ATR, below the 2.0 ATR threshold that defines a significant break. The 24 h change stands at -3.55% and the 24 h quote volume reaches 20.8 million USD.
Technically, the 14‑day RSI is at 45.4 and the 14‑day ADX reads 27.2, indicating a moderate trend strength. The EMA‑50 sits at 12.127 and the EMA‑200 at 10.546, placing price below the EMA‑50 but above the EMA‑200. The asset is classified in a VOLATILE regime. Market‑wide, the fear‑greed index is at 34 (Fear) and Bitcoin dominance remains at 60.0%.
Neuralis Cap article
Data:
Neuralis Cap (Binance daily candles, Alternative.me Fear & Greed, CoinGecko BTC dominance)
Market impact
Should the price stay below the 11.531 support, participants may encounter heightened selling pressure, especially given the prevailing fear and volatile backdrop. Conversely, if the 11.531 level holds as support, it could cap further declines and serve as a reference point for position adjustments, always assuming the market continues to exhibit uncertainty.
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.