I see possible bullish and bearish scenarios here.
Refer to chart for scenarios.
Important to note I believe this depends on 2 factors.
One being the health of Bitcoin & 2 being the release of LINK staking.
Release of staking I think will see LINK bullish and push for possible ATH, and decoupling from BTC in the process.
Bitcoin going sub 6.5k and possibly into the 5's is where I see the bottom of LINK taking place at around $1.00.
I'm going to have to lean my bias more towards short here, and I think the latter of the two is more likely, that we see some of these lower targets tested.
Refer to chart for scenarios.
Important to note I believe this depends on 2 factors.
One being the health of Bitcoin & 2 being the release of LINK staking.
Release of staking I think will see LINK bullish and push for possible ATH, and decoupling from BTC in the process.
Bitcoin going sub 6.5k and possibly into the 5's is where I see the bottom of LINK taking place at around $1.00.
I'm going to have to lean my bias more towards short here, and I think the latter of the two is more likely, that we see some of these lower targets tested.