The link coin ( LINK USDT ) has attracted attention due to its recent price movement. On August 13, this coin fell from a high of $24.7, indicating that long positions investors chose to take profits at the peak. Meanwhile, the relative strength index ( RSI ) showed a divergence signal, which may suggest that the market's upward momentum is weakening.

The current market is in a critical stage of long positions and short positions contest. If the short positions dominate, the price will be pushed below $20 (i.e., below the 20-day moving average), then the short positions are likely to regain control of the market movement. In this case, the LINK price may further drop to the support level of $18.

However, if the bulls can stabilize their position in the current price range and launch a new offensive, their primary goal will be to break through the resistance level of 24.7 USD. If they successfully break through and hold this position, LINK has the potential to regain its upward momentum, with the next target price possibly being 27.3 USD.

At this critical moment, investors need to closely follow the following important price points:

Support levels: 20 USD and 18 USD
Resistance levels: 24.7 USD and 27.3 USD

Overall, if the price falls below $20, the market may turn bearish; conversely, if it breaks above $24.7, it may turn bullish. In any case, investors should remain vigilant, closely follow market movements, and manage risks effectively.