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$LINK 4H CHART ANALYSIS
$LINK is trading around $8.27 after a sustained lower-high sequence confirmed continuation of the 4H downtrend. The rejection from the $9.00 structure zone reinforced bearish control, turning that level into immediate resistance. Current price action shows compression just above the $8.00 shelf, a fragile support that has already been stress-tested.
A clean breakdown below $8.00 exposes the liquidity pocket near $7.20, aligning with the prior impulsive wick low and unfinished downside auction. Any relief rally must reclaim and hold above $9.00 to signal momentum shift and target the $9.80–$10.00 supply region. Until that reclaim happens, $LINK structure favors continuation lower, with rallies likely acting as liquidity grabs inside a broader corrective trend.
