#美国非农就业数据表现强劲 LINK Price Spoiler

Currently stuck at $12.89, down 5.27% in 24 hours, down 6.10% over the week—honestly, the technicals are a bit weak. The 1-hour MACD is still holding, but the 4-hour RSI has already dropped to 38.12, well into oversold territory. The daily MACD has turned downward, and the price is being tightly pressed down by various moving averages (13.15-14.31). The rebound momentum is clearly insufficient, and medium-term resistance is quite heavy.

Support and resistance need to be clearly identified: below $12.52-$12.60 is the last line of defense (4-hour Bollinger Band lower band). If broken, the $12.33 daily lower band will be unprotected. The area above $13.00-$13.15 is the short sellers’ liquidation zone (starting from $198K positions). To break through, it requires increased volume—currently, futures positions at $542M are barely moving, reduced by less than 1%. The positive funding rate (0.0099%) plus a 96.8% long liquidation rate ($3.27M) indicate increasing pressure on longs.

But here’s the interesting part—fundamentally, things are quite solid. Interoperability providers are stable, institutional ETFs saw $37M inflow on the first day, on-chain active addresses surged from 2,088 to 2,935, daily trading volume jumped from $383M to $673M (+76%), and protocol fees grew 72% in 24 hours. Social sentiment is also overwhelmingly bullish—narratives like Swift collaboration and BlackRock integration continue to ferment.

However, the net exchange inflow of +156K LINK (on December 15) is a signal to watch carefully, as someone might be quietly selling off.

What’s next in the next 48 hours? The most likely scenario is $12.50-$13.00 oscillation, with technical weakness and fundamental positives balancing each other. If a 4-hour rebound occurs and breaks through $13.00, it could test $13.50; but once $12.50 breaks, the risk of dropping to $12.33 or even $12.00 sharply increases. The bottom line depends on whether ETF inflows continue or if new catalysts emerge to rescue the price.