Chainlink Bears Take Control, But $9.55 Flip Could Change Everything
Chainlink is showing signs of weakness after a bearish shift in momentum, with sellers gaining the upper hand in the short term. However, the $9.55 level remains a critical pivot, and a successful flip above this resistance could quickly turn the tide back in favor of the bulls and open the door for a stronger recovery. Bearish Daily Close Signals Rising Selling Pressure The most recent daily candle for both Chainlink and LINKBTC has closed with a bearish bias, signaling a period of short-term exhaustion. According to technical insights from CryptoWzrd, this downward pressure suggests that....
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Chainlink has been holding strong throughout the past few days and weeks around $13.00, with the selling pressure here stopping the cryptocurrency from seeing any intense momentum throughout the past few days and weeks. LINK has been closely tracking Ethereum’s price action as of late, which caused it to see a sharp selloff yesterday that […]
Chainlink has been struggling to break above $11.00 throughout the past few days and weeks. This level has become a strong resistance for the cryptocurrency, and both bulls and bears have largely reached an impasse. Although Chainlink has a history of forming price trends independent of the rest of the market, it has lost some […]
Chainlink (LINK) started a sharp decline from the $11.60 resistance zone. The price is now trading well below $10.50 and it seems like the bears are aiming a test of the $9.00 support. Chainlink token price started a major decline after it failed to clear the $11.60 resistance against the US dollar. The price is […]
Chainlink has entered price discovery and traders should watch several key levels for the next possible top. Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing Bitcoin Cash earlier this week. The LINK price surge also coincided with rumors this week that Grayscale is preparing to add a Chainlink Trust product. This news event likely played a part in the price of Chainlink rallying toward new all-time highs,....