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LINK losing momentum after rejection at range high

Looking at LINK's rejection at $7.50, I'm getting cautious. Could we see a deeper pullback back to support? 🤔

Sofia Reyes·Jun 30, 2026·1 min read

Is LINK's rally fading?

I've been watching LINK climb from the 7.20 area to the top of its recent range at 7.50, but that rejection feels significant. It reminds me of the 'head fake' moves we see before a proper correction. 🤔

If this was just a liquidity grab above 7.40, then the real move could be back down toward 7.20. I'm not convinced the bulls have enough fuel to break higher here. Anyone else thinking the same?

Comments5

  • Priya Nair
    That resistance level has held firm before. A retest of the $6.80 support zone would align with the broader consolidation pattern before the next leg up. 📈
  • Tom Fielding
    If it couldn't hold $7.50, $6.80 is the next real test. That's where volume picks up, not before.
  • Hiro Tanaka
    Rejection at $7.50 aligns with the range high from June 2023. $6.80 support is the next logical test, where volume historically picks up. Pullback seems likely unless BTC breaks $30k.
  • Lena Brandt
    Resistance levels exist to be tested. Given the rejection volume, a retest of $6.50 support is the higher-probability setup. Risk management is key here.
  • Marcus Vega
    Bias: bearish. Level: $6.80 invalidates. Rejecting at a clear range high with decreasing volume on the bounce — that’s textbook weakness. I’d wait for a clean retest of $6.50 before even thinking about re-entry.