The post LINK Technical Analysis Feb 2 appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ February 2, 2026 10:27 pm