Chainlink Faces Grim Outlook as it Nears Bedrock Support Level
Chainlink’s price has been witnessing massive inflows of selling pressure throughout the past few weeks, with buyers being unable to garner any control of its mid-term trend in the time following its rejection at $20.00. The cryptocurrency has now firmly broken below its previous support level at $10.00 and appears to be in a precarious […]
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Chainlink is currently attempting to confirm $10.00 as a support level as it faces inflows of selling pressure that jeopardize its near-term outlook. Despite the present weakness it is facing, a confirmation of this level as support would be incredibly bullish, as it would mark a mid-term support-resistance flip that potentially kicks off the next […]
Chainlink was bearish on its chart at the time of writing. Over the last week, the coin witnessed significant decline on its chart. Despite the 2% overnight appreciation the technical outlook of Chainlink remained negative. Fall in the market movers prices has pushed many altcoins to travel south on their charts. Prior to this, LINK was consolidating between $6.70 and $7.00 respectively. A fall in LINK’s price has caused it to travel below the $6.70 price mark. Technical outlook started to reflect a change in price direction as buying strength slightly grew in the market. Despite the....
Chainlink’s price action has been overtly bearish as of late, with the cryptocurrency being unable to hold above $10.00 despite the technical strength resulting from its recent rebound from the $7.00 region. It seems that the “v-shaped recovery” it posted from these lows was not enough to alter its near-term outlook, as it now appears […]
Yearn.finance’s YFI token saw another capitulatory decline yesterday that sent its price reeling down to lows of $12,300. At this point, its price was able to find some serious support that slowed its ascent and helped it rally higher, with bulls now moving the retake control of its short-term outlook. Its ongoing rebound is coming […]
Chainlink (LINK) is holding the key $12.50 support level, similar to bitcoin at $18,500. The price is likely to start a strong increase above $13.50 as long as it is above $12.50. Chainlink token price is consolidating above the key $12.50 support against the US dollar. The price is now facing hurdles near $13.50 and […]