ChainLink (LINKUSD) Market Overview

Generated by AI AgentAinvest Crypto Technical Radar
Thursday, Sep 4, 2025 2:01 pm ET1min read
LINK
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Aime RobotAime Summary

- ChainLink (LINKUSD) fell sharply from $23.74 to $22.46 on 2025-09-03-04, forming bearish divergences and breaking below key support levels.

- RSI hit oversold levels (27) with surging volume near $22.50–$22.70, suggesting potential short-term support amid heightened volatility.

- Bollinger Bands widened sharply as price closed near the lower band, while Fibonacci 61.8% ($22.96) and 50% ($23.34) levels emerged as critical retest zones.

- A bearish engulfing pattern and doji at $22.46 signaled strong distribution, though double-bottom confirmation remains pending.

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ChainLink
(LINKUSD) opened at $23.74 and closed near the day’s low at $22.46 after forming bearish divergences.
• Price declined sharply into a 24-hour range of $23.81 to $22.46, with heavy selling pressure post-21:00 ET.
• RSI hit oversold levels, and volume surged near the $22.50–$22.70 zone, suggesting possible support.
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Bollinger
Bands widened sharply during the drop, indicating heightened volatility.
• Fibonacci 61.8% at $22.96 and 50% at $23.34 may be key retest levels in the near term.

ChainLink (LINKUSD) opened at $23.74 on 2025-09-03 at 12:00 ET, reached a high of $23.81, and closed at $22.46 at 12:00 ET on 2025-09-04. The 24-hour volume was 609.16 units, with a total turnover of $15,157.46. A sharp bearish trend emerged in the latter half of the day, with a key breakdown below $23.50.

Structure & Formations


The daily candle closed as a long bearish body with a small lower wick, signaling strong distribution. A bearish engulfing pattern emerged around 21:00 ET, followed by a breakdown below key support levels of $23.70 and $23.50. A potential double-bottom formation could be forming near $22.46 and $22.66, but it lacks immediate confirmation. A bearish doji at $22.46 suggests a possible short-term floor.

Moving Averages


On the 15-minute chart, the 20SMA and 50SMA are both below the price, reinforcing the short-term bearish bias. On the daily chart, the price remains below the 50D, 100D, and 200D moving averages, indicating a broader downtrend.

MACD & RSI


The MACD line crossed below the signal line in the early hours, confirming the bearish momentum. The RSI reached 27 by 05:00 ET and stayed near oversold levels, suggesting short-term exhaustion. A bounce from these levels could trigger a retest of the 38.2% Fibonacci level at $23.13.

Bollinger Bands


Bands widened significantly after 20:00 ET, indicating a rise in volatility. Price closed near the lower band, aligning with overextended bearish conditions. A rebound could target the middle band at $22.90 or the upper band at $23.30.

Volume & Turnover


Volume spiked sharply during the breakdown below $23.50, with a large volume candle at 21:00 ET. However, post-break, volume declined, which may indicate waning short-term conviction. Turnover was concentrated in the $22.50–$22.70 range, suggesting potential support.

Fibonacci Retracements


The 61.8% Fibonacci retracement level at $22.96 and the 50% level at $23.34 could serve as potential retest points. A sustained close above $23.36 could invalidate the bearish scenario and invite a rally toward $23.70–$23.81.