Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. <\/p>\n
Chainlink price outlines bearish strides
\nLINK\/USD pair key support spotted at $8.54
\nPair resistance seen at $9.26<\/p>\n
The LINK\/USD pair price slips on a downtrend as seen overnight which has been predictable overall.<\/p>\n
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.<\/p>\n
LINK Price Sheds 1.83%<\/p>\n
The daily chart reveals that the LINK\/USD pair has suffered a massive decline as seen in the past 24hours. The plunge of LINK has been consistent with its bearish stance.<\/p>\n
According to CoinMarketCap, LINK price has been down by 1.83% or trading at $8.51 as of this writing. It seems to have fallen from its support line of $8.54.<\/p>\n
The current trading volume is down by 24.51% or at $363,041,655 with the market cap at $4 billion. Apparently, LINK price has been circling the $8 mark as seen since Sunday.<\/p>\n
Judging by the daily price chart, the LINK\/USD pair is seen to be immensely bearish for the past few hours with the MACD lingering in the bearish zone. <\/p>\n
RSI for LINK is spotted at 42.09 and is stepping into the oversold zone which signals that market could go down further.<\/p>\n
To date, the 50-day moving average is present at $10.48 while the 200-day moving average is hovering at $12.19 signaling that the market is having a marked decline.<\/p>\n\n
Chart from TradingView.com
\nChainlink MACD Line Hints At Further Retreat<\/p>\n
The 4-hour price analysis is showing a bearish flag pattern signaling that the market is deflating further.<\/p>\n
The LINK\/USD pair is seen trading from $8.54 to $9.26, facing key resistance at $9.26 as seen in the past few hours.<\/p>\n
The MACD line hovers above the signal line which indicates that the market could plunge further. Current RSI is below the 50 range which signifies a bearish trend. <\/p>\n
More so, the 50-day and 200-day moving average are both falling flat and going under the current market price hinting that the market is suffering a massive downshift.<\/p>\n
Chainlink price is showing an overall bearish momentum in the short term but would most likely nosedive with the key resistance stick at $9.26. <\/p>\n
The market may expect some upward trend if the bulls can break past the key resistance level.<\/p>\n\n
LINK total market cap at $3.8 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from Medium, Chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. <\/p>\n
Chainlink price outlines bearish strides
\nLINK\/USD pair key support spotted at $8.54
\nPair resistance seen at $9.26<\/p>\n
The LINK\/USD pair price slips on a downtrend as seen overnight which has been predictable overall.<\/p>\n
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.<\/p>\n
LINK Price Sheds 1.83%<\/p>\n
The daily chart reveals that the LINK\/USD pair has suffered a massive decline as seen in the past 24hours. The plunge of LINK has been consistent with its bearish stance.<\/p>\n
According to CoinMarketCap, LINK price has been down by 1.83% or trading at $8.51 as of this writing. It seems to have fallen from its support line of $8.54.<\/p>\n
The current trading volume is down by 24.51% or at $363,041,655 with the market cap at $4 billion. Apparently, LINK price has been circling the $8 mark as seen since Sunday.<\/p>\n
Judging by the daily price chart, the LINK\/USD pair is seen to be immensely bearish for the past few hours with the MACD lingering in the bearish zone. <\/p>\n
RSI for LINK is spotted at 42.09 and is stepping into the oversold zone which signals that market could go down further.<\/p>\n
To date, the 50-day moving average is present at $10.48 while the 200-day moving average is hovering at $12.19 signaling that the market is having a marked decline.<\/p>\n
Chart from TradingView.com
\nChainlink MACD Line Hints At Further Retreat<\/p>\n
The 4-hour price analysis is showing a bearish flag pattern signaling that the market is deflating further.<\/p>\n
The LINK\/USD pair is seen trading from $8.54 to $9.26, facing key resistance at $9.26 as seen in the past few hours.<\/p>\n
The MACD line hovers above the signal line which indicates that the market could plunge further. Current RSI is below the 50 range which signifies a bearish trend. <\/p>\n
More so, the 50-day and 200-day moving average are both falling flat and going under the current market price hinting that the market is suffering a massive downshift.<\/p>\n
Chainlink price is showing an overall bearish momentum in the short term but would most likely nosedive with the key resistance stick at $9.26. <\/p>\n
The market may expect some upward trend if the bulls can break past the key resistance level.<\/p>\n
LINK total market cap at $3.8 billion on the daily chart | Source: TradingView.com<\/p>\n
Featured image from Medium, Chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5785","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=5785"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5785\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5785"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}