LINK Bulls Need To Reclaim Former SupportChainLink / TetherUSBINANCE:LINKUSDTDukesMarketAnalysisA Familiar Resistance Zone Returns • LINK continues to struggle around the $8.20 area. • This zone previously acted as support multiple times before the breakdown and is now behaving as resistance. The Trend Remains Lower • The 50 and 100-Day EMAs remained bearishly crossed throughout the recent rally. • Price has been unable to regain either moving average in a meaningful way. Sellers Continue To Appear On Rallies • The recent recovery reached $8.12 before sellers stepped back in. • So far, every push into resistance has been met with renewed selling pressure. Support Holding For Now • Buyers reacted strongly from the recent low around $7.15. • The bounce has prevented a deeper sell-off, but it has not yet changed the broader structure. Momentum Sending Mixed Signals • RSI remains below 50, keeping the overall momentum picture bearish. • StochRSI is improving from lower levels, suggesting some short-term recovery potential. $8.20 Remains The Key Level • Reclaiming the $8.20 support/resistance zone would be the first meaningful sign that bearish pressure is easing. • Until then, the recent move still resembles a relief rally within a broader downtrend. In Summary LINK has produced a respectable bounce from the $7.15 support area, but the chart continues to run into trouble around the former support zone near $8.20. The bearish 50 and 100-Day EMA structure remains intact, and sellers have repeatedly emerged whenever price approaches resistance. While momentum indicators are attempting to improve and selling volume has eased, bulls still need to reclaim lost ground before a more constructive outlook can develop. For now, the bears continue to hold the advantage.