$LINK LINK Dropped Hard. Now Price Is Being Tested.
Chainlink is trading near $9.56 after a strong sell-off.
The drop was controlled, not driven by panic.
This usually means sellers are still active.
This is where patience beats prediction.
Current Market Structure (1H)
LINK is still in a short-term downtrend.
Price is below key moving averages.
This shows us that sellers remain in control.
The bounce from $8.95 occurred, but it lacks strength.
So far, buyers have not proven their dominance.
This is not a bullish structure yet.
Key Levels That Matter (Expanded)
Resi