1 hour ago
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Key Takeaways:
- LINK reclaimed 0.5 Fib at $9.020 after dropping below it on May 28th.
- 100 SMA at $9.226 is current battleground, sitting right at price.
- 0.382 Fib at $9.45 has rejected price multiple times since February.
- 50 SMA at $9.52 sits just above as the next major resistance after $9.45.
- Binance holds 66.4% of all exchange LINK supply, at 85.1M and drifting lower.
LINK is trading at $9.208 on the daily chart, sitting on top of two levels that matter: the 0.5 Fibonacci at $9.020 and the 100 SMA at $9.226. On May 28th, price broke below the 0.5 Fib and dropped to $8.75 before buyers stepped in. The recovery brought it back above $9.020, which LINK has now held for two consecutive...
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