Lets $jesse
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Current Market and Technical Overview Part 1: Market Snapshot and Price Performance Chainlink ( $LINK ) is trading at $13.69, showing modest positive movement of +0.53% over 1 hour and +1.84% over 24 hours, yet it faces weekly and monthly declines of -13.17% and -24.33%, respectively. The market volume remains strong at approximately $879 million over 24 hours. Despite bearish price action and broken key daily support levels at $14.68 and $14.20, daily indicators such as the EMA, RSI at 34.82, and negative MACD histogram confirm a weak momentum environment nearing oversold conditions. Expert price forecasts predict LINK’s price may test lows around $13.12 before potential recovery toward higher targets later in November and December 2025.
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Part 2: Technical Indicators and Volatility Metrics Key technical indicators reinforce the bearish trend, though some signs of easing momentum are visible. The RSI (14) is at 37.64, indicating bearish sentiment but not yet oversold, implying sellers dominate but a stabilization may be near. The MACD histogram remains negative (-1.207) but has been less bearish recently, hinting at possible bearish deceleration. Prices are below the 10-day moving average ($188.60), 50-day SMA ($236.09), and 200-day SMA, confirming the downtrend. Volatility measures such as ATR imply wide daily price swings, increasing the risk for traders. Critical support lies between $158 and $166, with resistance around $180 marking important decision points. Proximity to the lower Bollinger Band further supports a potential oversold condition and possible bounce imminent.
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