Technical analysis by vagada about Symbol LINK: Buy recommendation (5/23/2025)

After a clear rejection at the 200MA on April 25, LINK is now trading above the 200MA, but has faced rejection at the 50MA.The green zone represents a key support area that started forming on Feb 3.✅ MLR > SMA > BB Center, confirming that the bullish structure remains intact.🔍 Note how the BB center and SMA are now aligned. The last time this happened (see orange zone) was also after a drop, and the recovery only started after price reclaimed the 50MA.(see green circle)Unless macro headwinds (e.g. tariff war escalation) drag the market down, the key level to watch is the 50MA. A close above it could mark the next leg up. 📈Thanks for reading!If you found this useful, give it a like or drop a comment.Manage risk, take profits.Unfortunately, Friday's tariff war escalation triggered a sharp move, and price is now trading below both the green support zone and the 200MA.⚠️ Brace for potential further downside