LINK Technical Analysis Feb 2

LINK is positioned near the critical support zone at 9.78$ and has reaction potential with oversold RSI (27.42). Although under downtrend pressure, MTF confluence levels may offer buying opportunities.

Current Price Position and Critical Levels

LINK price is currently trading around 9.78$ and is in a critical position within the overall downtrend structure. With a 2.73% rise over 24 hours, the price is moving in the 9.02$-10.04$ range, remaining below EMA20 (11.61$), which gives a short-term bearish signal. The Supertrend indicator also points to the 11.72$ resistance in the bearish direction. RSI at 27.42 indicates the oversold zone, increasing the possibility of a reaction rally. In multi-timeframe (MTF) analysis, a total of 11 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/2 resistances on 1D, 3 resistances on 3D, and 3 supports/3 resistances confluences on 1W. These levels are reinforced by order blocks, liquidity pools, and historical tests. The price is trying to hold just above the secondary support at 9.4192$; if broken, the primary support at 8.9700$ will come into play.

Support Levels: Buyer Zones

Primary Support

The strongest support level stands out at 8.9700$ (score: 70/100). This level represents a major demand zone on the 1W timeframe and has been tested 4 times in the last 3 months, rejected each time with strong buying volume. It shows confluence with EMA50 (9.05$) on the 1D chart; the volume profile confirms concentrated liquidity here. Historically, this order block, holding since the November 2025 lows, is a smart money accumulation zone for big players. In case of breakdown, invalidation is a drop below 8.50$, accelerating the downtrend with a downside target of 4.7927$ (R/R ratio potential 1:3).

Secondary Support and Stop Levels

Secondary support at 9.4192$ (score: 64/100) is just below the current price and aligns with the recent swing low on the 1D timeframe. This zone intersects with the Fibonacci 0.618 retracement level on the 3D chart; a supply-demand balance formed here from the October 2025 rally. Confirmed by volume spikes and wick rejections; ideal entry for short-term buyers. Stop level should be placed below 9.20$, as a break here leads to 8.9700$ and invalidates the reaction from oversold RSI. MTF confluence (1W demand tail) strengthens this level.

Resistance Levels: Seller Zones

Near-Term Resistances

Near-term resistance at 10.1203$ (score: 66/100) aligns with the intraday high (10.04$) and is the first obstacle on the way to EMA20 (11.61$). Defined as a bearish order block on the 1D chart; the volume increase in the last 24 hours shows sellers accumulating positions here. Rejected 3 times in historical tests, with liquidity swept by wicks. Volume confirmation is required for breakout; otherwise, short opportunities arise.

Main Resistance and Targets

Main resistance at 11.1346$ (score: 64/100) is a strong supply zone with Supertrend and EMA20 confluence. Reinforced by 5 consecutive tests on 3D/1W timeframes; a high-volume block from the January 2026 rally. A break above here leads to the 14.0057$ upside target (Fib 1.618 extension), but challenging under BTC downtrend. Invalidation level is a Supertrend break at 11.72$, confirming a bullish shift. This resistance is a short liquidity accumulation area for big players.

Liquidity Map and Big Players

The liquidity map shows buy-side liquidity pools at 9.4192$-8.9700$ supports and sell-side pools at 10.1203$-11.1346$ resistances. Price at 9.78$ is approaching these pools; smart money is likely sweeping below 9.20$ for stop hunting before pursuing a long reversal from 8.9700$. Equal highs/lows structure on 1W signals liquidity grabs. Volume profile shows concentration in the 9.00$-10.00$ range; breakouts trigger from these levels. Big players (CEXs, whales) may be realizing short positions at 11.13$ in the downtrend while accumulating longs at 8.97$ for an oversold bounce.

Bitcoin Correlation

BTC continues its downtrend at 78,437$ level (+1.41% 24h), with Supertrend bearish and main supports at 77,445$-74,604$. LINK is highly correlated with BTC (+0.85 coeff last 30 days); if BTC drops below 77k, LINK tests 8.97$, sweeping liquidity. Conversely, if BTC breaks 79,396$ resistance, LINK gains momentum to 10.12$. BTC dominance rise crushes altcoins; if 74k BTC support breaks, LINK downside accelerates to 4.79$. Watch: BTC levels at 77,445$ and 83,548$ determine LINK trades. Details for LINK Spot Analysis and LINK Futures Analysis.

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above 9.4192$ for short-term target 10.1203$ (R/R 1:2), stop 9.20$. Long on 8.9700$ bounce: target 11.1346$, invalidation 8.50$. Breakout scenario above 11.13$ to 14.00$, downside 4.79$. Oversold RSI supports reaction but BTC downtrend requires caution. Volume and MTF confirmation essential; manage risk at 1-2%. This outlook is not investment advice, markets are dynamic.