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Summary
• Price declined from $13.80 to $13.44 on bearish momentum and volume spikes.
• RSI and MACD signaled oversold conditions, suggesting potential for a short-term rebound.
• Volatility expanded with a 13.44–13.80 range, breaking through key Bollinger Band thresholds.
• 13.73 and 13.62 emerged as significant support and resistance levels, respectively.
• Volume surged in late hours, aligning with the pullback, signaling buying interest at lower levels.
Chainlink/Tether (LINKUSDT) opened at $13.76 on 2025-12-13 12:00 ET and closed at $13.49 by 12:00 ET on 2025-12-14. The 24-hour range was $13.80 to $13.44, with total trading volume of approximately 358,549 and notional turnover of about $4.74 million.
Price formed a bearish engulfing pattern near the session high before entering a tight consolidation phase. A 13.73 support level held briefly but failed as bearish momentum intensified. A subsequent pullback found support at 13.62, indicating potential for a short-term bounce.
On the 5-minute chart, the 20-period and 50-period moving averages were in a bearish crossover, reinforcing the downward bias. On the daily chart, the 50-period MA acted as a dynamic resistance, with price failing to break through.
The MACD line turned bearish and crossed below the signal line, confirming the bearish trend. RSI dropped into oversold territory below 30, suggesting a potential near-term correction. However, RSI divergence was not observed, keeping the bearish case intact for now.
Volatility expanded, pushing price to the outer bands at both ends of the session. The 13.44 low was near the lower band, while the 13.80 high touched the upper band. This suggests a period of consolidation could follow.
Volume surged during the late part of the session, particularly after the 13.62 support level held. This suggests accumulation at lower prices. However, volume during the breakdown from key resistance levels was not unusually high, indicating a lack of conviction from sellers.
Fibonacci levels drawn from the $13.80 high and $13.44 low identified 13.68 (38.2%) and 13.57 (61.8%) as potential retracement targets. The 13.68 level appears to be the first key psychological level for buyers.

The market appears to be in a short-term bearish phase with signs of buyer interest emerging below 13.62. A rebound could be followed by a test of 13.68 and then 13.73. Investors should remain cautious about further downside risks should 13.55 break without a strong recovery.
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