Technical Analysis

LINK Intraday Analysis: January 28, 2026 Short-Term Strategy

LINK

LINK/USDT

$11.88
+3.48%
24h Volume

$247,253,374.30

24h H/L

$12.13 / $11.40

Change: $0.7300 (6.40%)

Long/Short
70.0%
Long: 70.0%Short: 30.0%
Funding Rate

-0.0025%

Shorts pay

Data provided by COINOTAG DATALive data
Chainlink
Chainlink
Daily

$11.89

3.12%

Volume (24h): -

Resistance Levels
Resistance 3$13.1922
Resistance 2$12.75
Resistance 1$12.2363
Price$11.89
Support 1$11.5043
Support 2$10.9367
Support 3$9.2302
Pivot (PP):$11.8433
Trend:Downtrend
RSI (14):38.1
EW
Emily Watson
(10:31 PM UTC)
4 min read
958 views
0 comments

Today's short-term outlook for LINK is cautious; downward pressure dominates at the 11.81$ level, critical support test expected.

Short-Term Market Outlook

LINK is trading at 11.81$ as of January 28, 2026, recording a 1.91% decline in the last 24 hours. The daily range remained limited between 11.69$ - 12.10$, with volume at a moderate 219.98 million$. The short-term trend is downward; price is positioned below EMA20 (11.94$), signaling bearish. RSI at 42.03 is in neutral-bearish territory, no oversold conditions but momentum is weak. MACD shows a positive histogram, yet the overall picture has Supertrend bearish and resistance at 12.45$. In the 24-48 hour perspective, potential for downtrend continuation is high; upward breakout required for quick recovery. In multi-timeframe (MTF) context, 12 strong levels detected across 1D/3D/1W timeframes: 1D has 1 support/3 resistance, 3D has 1S/2R, 1W has 3S/4R distribution. This indicates medium-term pressure downward. Volatility low for scalping and intraday traders, careful position management essential.

Intraday Critical Levels

Nearby Support Zones

Immediate support zone 11.7149$ (score: 73/100); just above intraday lows (11.69$) and quick invalidation point. On breakdown, next support not 11.8233$ (score: 68/100), main downside target 10.5331$ (score: 22). This level is strong support from 1D timeframe and ideal stop-loss point. If price drops below 11.7149$, short-term bearish momentum accelerates.

Nearby Resistance Zones

Nearby resistance 12.0141$ (score: 85/100); aligned with EMA20 (11.94$) and above intraday highs. Upper resistance 12.8855$ (score: 66/100), reinforced by Supertrend resistance at 12.45$. These levels form intraday scalp zones; close above 12.0141$ is bullish trigger, staying below increases selling pressure.

Momentum and Speed Analysis

Short-term momentum mixed: MACD histogram positive but overall MACD line sloping down, bearish crossover risk present. RSI stable at 42 but accelerates selling if below 40. Supertrend bearish signal with downward momentum; volume profile analysis shows accumulation in 11.80$-11.90$ region, downside test likely from here. On 4-hour chart, moving within downtrend channel, lower channel band around 11.71$ critical. For intraday traders, momentum indicators (e.g., Stochastic) show oversold approach, but overall quick reversal low probability. Risk: Use tight stops against false breakouts, reduce position size in low volatility.

Short-Term Scenarios

Upside Scenario

Bullish scenario trigger: Strong close above 12.0141$ (hourly candle). EMA20 breached, target 12.8855$ (potential 9% upside). Second target Supertrend flip to 12.45$+. Probability 35%; quick scalp opportunity with MACD positive hist support. Invalidation: Return below 11.94$. High risk, requires BTC upside movement.

Downside Scenario

Bearish scenario dominant: Accelerates on 11.7149$ breakdown (score 73), target 10.5331$ (approx. 11% downside). Trigger: Close below intraday low 11.69$. Probability 60+; Supertrend bearish and downtrend aligned. Invalidation: Rejection above 12.0141$. Swing traders can hold short bias, scalpers watch short zone between 11.82$-11.71$.

Bitcoin Correlation

BTC sideways at 89,149$ (+0.14%), but Supertrend bearish and rising dominance caution signal for altcoins. LINK highly correlated to BTC (0.85+); if BTC loses 88,472$ support, LINK 11.71$ breaks quickly, downside to 10.53$ accelerates. Conversely, BTC breaking 90,260$ resistance triggers LINK bullish scenario. Key BTC levels: Supports 88,472$ / 87,393$, Resistances 90,260$ / 91,126$. While BTC dominance rising, follow LINK Spot Analysis and LINK Futures Analysis for LINK trades; add BTC stop for leveraged positions.

Daily Summary and Monitoring Points

- Critical watch: 11.7149$ support test (main trigger).
- Resistance rejection: Staying below 12.0141$ bearish.
- Momentum shift: RSI below 40 / MACD crossover.
- BTC impact: 88,472$ breakdown accelerates LINK downside.
- Risk management: Short-term trading carries high volatility risk; max 1-2% risk/position, tight stops (invalidation below 11.71$). No news flow, stay technical-focused. Downtrend continuation expected in 24-48 hours, patience required for longs.

This analysis uses Chief Analyst Devrim Cacal's market views and methodology.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

EW
Emily Watson

Expert technical analysis and market insights. Follow us for the latest cryptocurrency analysis.

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