LINK Rebound Faces Resistance as C-Wave Risk Persists

LINK trades near $13.15 after gaining 1.66% daily, despite a 7.22% weekly decline and continued corrective-wave uncertainty. The B-wave scenario may be supported with a three-wave rebound between the $13.43 and $14.24 levels of Fibonacci resistance. Exchange heatmaps show widespread net outflows, while Binance leads spot volume and derivatives activity remains elevated across markets. LINK is entering a crucial technical development stage where a corrective rebound is forming, while price resisters, exchange flows, and derivatives are setting the market conditions. LINK Rebound Develops Within a Corrective Structure More Crypto Online states that the ongoing rebound could represent a B-wave.

Source: Crypto Front News