LINK Market Faces Mixed Signals as Harmonic Structure Meets Rising Liquidation Shifts

LINK nears a harmonic support zone where price action shows compression and reduced momentum.

Liquidation trends reveal a calmer market after earlier long wipeouts around late November.

LINK trades near $13.50 after intraday losses as traders reassess short-term positioning.

LINK moves toward a technical inflection point as its price structure, liquidation trends, and market metrics form a mixed backdrop. Recent shifts show compression on higher timeframes while short-term pressure affects the asset’s latest sessions.

Harmonic Zone Creates a Structural Focal Point

LINK is approaching a clean harmonic reversal area on the 4-day chart. A post on social media from Rose Premium Signals noted price movement at point A, where a defined demand zone aligns with a falling channel boundary. This confluence places LINK within a structural region that has supported past reversals.

Trading behavior shows slowing momentum at this zone. Candle formations reveal smaller bodies and repeated lower-wick activity. This suggests buyers continue absorbing supply rather than allowing a deeper break. The harmonic pattern resembles a potential Bat–Gartley blend, anchored around the 0.448 to 0.471 region.

Projected expansion levels include point B at a 0.473 ratio and point C near 0.484. A broader extension toward point D ranges between 1.244 and 4.373. These measurements create a multi-leg roadmap if buyers retain control of the support area.

Liquidation Activity Shows a Shift in Trader Positioning

The liquidation chart for LINK shows a clear contrast between earlier volatility and later stability. The most forceful wipeout came on 20–21 November, where long liquidations exceeded $5 million. This aligned with a sharp drop in LINK’s price and appeared to flush out excess leverage.

Source: Coinglass

From 22–27 November, both long and short liquidations stayed below the $1 million mark. This quieter phase indicated temporary balance after earlier forced exits. LINK’s price then began forming a steadier path while remaining sensitive to new leverage.

Late November and early December show renewed but moderate liquidation spikes. These alternate between long and short positions. The distribution suggests cautious positioning as traders prepare for movement near a technical threshold. Conditions appear tighter, hinting at a potential volatility event.

Market Metrics Reflect Short-Term Price Pressure

LINK trades at $13.50 as of writing, after a daily drop of 5.5%. The 24-hour range between $13.42-$14.37 shows failed attempts to hold the mid-$14 region. The decline follows a period of stable intraday action before sellers gained short-term control.

Market capitalization stands at $9.43 billion, with a fully diluted valuation of $13.53 billion. Circulating supply is 696.8 million out of a one-billion maximum. This high circulation share supports consistent price formation without dilution concerns.

Trading volume reached $714.9 million in 24 hours. The chart shows a downward intraday structure, where a failed bounce preceded movement toward $13.40. Treasury holdings remain unchanged at 562,535 LINK, suggesting no internal token shifts influenced the decline.

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