Chainlink (LINK) Forms Bearish Divergences as It Prepares to Plunge

Chainlink (LINK) Forms Bearish Divergences as It Prepares to Plunge

Chainlink (LINK) is one crypto-asset that has recovered massively from its September lows. As of this article’s writing, Chainlink (LINK) trades for $10.75, far above the $8 lows seen near the start of September. The coin is still down by just shy of 50% from its all-time high price of $20, set in the middle […]

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Chainlink In Bearish Mood As LINK Price Retreats To $8.63

Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. Chainlink price outlines bearish strides LINK/USD pair key support spotted at $8.54 Pair resistance seen at $9.26 The LINK/USD pair price slips on a downtrend as seen overnight which has been predictable overall. More so, the market also suffers a loss of 4.80% as seen in the past 24 hours and currently faces key resistance at $9.26. For now, LINK price appears to be extremely bearish with key support seen at $8.54. Related Reading: Decentraland Momentum Pushes MANA Into Consolidation....

Chainlink (LINK) Poised to Plunge Against Bitcoin as Technical Setup Weakens

It’s been a tough past few days for altcoins, Chainlink (LINK) included. The price of the leading altcoin, based on Ethereum, has dropped 3.1% in the past 24 hours alone per CoinGecko market data. To put that into context, Bitcoin has rallied in excess of 4% over that same time frame. Stepping back, LINK’s price […]

After 50% Drop, Chainlink (LINK) Is Reaching a Do or Die Technical Level

Chainlink has plunged since setting highers in August. The coin now trades at around $8.50 as of this article’s writing, far below the all-time highs set at $20. The cryptocurrency’s correction comes after leading altcoins underwent a strong plunge after Ethereum fell through key supports. Chainlink could be vulnerable to an even deeper drop as the crypto approaches pivotal technical levels. One trader noted that if LINK will bounce, it will find some support around […]

Analyst: “Cycle Lows” For Chainlink May Be In, Expect $14 Next

Chainlink (LINK) has experienced a strong decline after peaking at around $20 in August. At the recent lows, the coin traded around as low as $8, meaning that it had declined by 60%. LINK may be poised to revert to its bullish stance though as the coin forms a bottom formation, analysts say. Related Reading: […]

Chainlink Could Soon Rally Towards $13.60 as Bulls Build Strong Support

Chainlink has been closely tracking Ethereum’s price action as of late, with investors trading altcoins like LINK largely based on the movements seen by ETH. This has made ETH essentially a benchmark index for altcoins, with its overnight plunge following an attempted rally yesterday striking a blow to many alts – including LINK. Despite this, […]