The post LINK Technical Analysis Feb 28 appeared on BitcoinEthereumNews.com.

LINK is positioned near short-term resistances at the 8.80$ level, while approaching critical support zones in the overall downtrend. The price trading below EMA20 strengthens bearish signals, but RSI in the neutral zone carries recovery potential. Current Price Position and Critical Levels LINK is currently trading at 8.80$ and positioned in a downtrend-dominated market structure. Although the 24-hour change shows a limited recovery at +1.38%, the price continues to stay below EMA20 (8.97$), indicating a short-term bearish structure. The Supertrend indicator also gives a bearish signal and points to 10.36$ as resistance. The daily range is squeezed between 8.21$ – 8.86$, with volume at a medium level of 296.53M$. In multi-timeframe (MTF) analysis, a total of 12 strong levels were detected across 1D, 3D, and 1W timeframes: 2 supports/3 resistances in 1D, 2S/2R in 3D, 2S/2R confluences in 1W. These confluences increase the strength of the levels; for example, 1W supports overlap with order blocks from historical lows. The current price position is at a sensitive point for liquidity hunting: In an upside breakout, 8.8260$ resistance will be tested, while downside 8.3733$ support is critical. Support Levels: Buyer Pools Primary Support 8.3733$ (Strength Score: 66/100) – This level stands out as the primary support because it forms a strong demand zone in 1D and 3D timeframes. Historically tested 3 times in the last 2 weeks, rejected each time with volume increase (price rejection). It shows exact confluence with the lower edge of the 1W order block; large buyers (smart money) may have accumulated positions here. In volume profile analysis, it overlaps with a high volume node (HVN), meaning liquidity pools are concentrated here. If price pulls back here, a quick bounce is expected; invalidation occurs with a break below 8.0487$, which would accelerate the overall trend. Secondary Support and Stop…

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Filed under: News - @ February 28, 2026 10:16 pm