Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data ...
Chainlink (LINK) has faced significant volatility this week. Its price dropped over 13% from Monday’s high, bringing LINK to a critical support level of around $11.20. Traders and investors are closely monitoring this crucial area. Related Reading: LINK Surges 11% As Key Data Reveals Day Traders Are Locking Gains The importance of this level is further emphasized by on-chain data from Santiment, which shows that demand for LINK is cooling off. This adds to the uncertainty surrounding the asset’s near-term price action. The next few days will be pivotal as Chainlink hovers....
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Chainlink (LINK) is retesting a crucial support zone amid the market pullback, leading some analysts to suggest that another significant drop may be coming if the current levels don’t hold. Related Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs Chainlink Loses $25 Support On Monday, Chainlink followed the rest of the market, dropping 10% to the local range lows. The cryptocurrency hit an eight-month high of $27.87 on Friday, but ultimately failed to hold this level, retracing to the $25.5-$26.5 area over the weekend. LINK lost the recently....
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 […]
The Chainlink rally has slowed down recently; here’s what the various LINK on-chain metrics look like to see if the surge has hope of a restart. Chainlink Has Registered Some Drawdown In The Past 24 Hours Just during the weekend, Chainlink had been floating above the $16 mark, but winds seem to have shifted for the coin in the past couple of days, as it has registered some drawdown. During the last 24 hours alone, LINK has dropped around 6%, leading to its price slipping below the $14 level. The chart below shows how the cryptocurrency has performed in the past month. LINK appears to....
Chainlink (LINK) started a fresh increase, but it struggled to clear the $11.00 resistance. There is now a risk of a sharp decline below $10.50 if there is no break above $11.00. Chainlink token price is struggling to gain momentum above $11.00 and $11.10 against the US dollar. The price is still trading well above […]
After showing so much strength as the price rallied to $52, cracking up an all-time high, the price of Chainlink (LINK) saw a decline to its present value of $7 against tether (USDT). Despite the uncertainties about where the market would be headed, only a few have shown strength as Chainlink (LINK) remains in the spotlight. (Data from Binance) Related Reading: WATCH: Bitcoin Barely Holds Onto $20,000 Support | BTCUSD September 16, 2022 Chainlink (LINK) Token Price Analysis On The Weekly Chart LINK saw a decline in its price from its all-time high of $52 to around $6, with an over....