LINK Price Near Short-Term Resistances and Critical Support Zones

The LINK cryptocurrency is currently trading at $8.80, near short-term resistances and critical support zones in a downtrend-dominated market structure.

The price continues to stay below the EMA20 (8.97$), indicating a short-term bearish structure. This is reinforced by the Supertrend indicator giving a bearish signal and pointing to 10.36$ as resistance.

Strong levels detected across multi-timeframe analysis include two supports and three resistances in the 1D timeframe, with the 8.3733$ level standing out as primary support due to its strong demand zone and confluence with historical lows.