Chainlink (LINK) is consolidating below its 50-day and 200-day moving averages, showing limited short-term momentum.
Immediate support is near $8.80–$8.20, while resistance stands at $10 and the 50-day MA.
As the cryptocurrency market rose today, supported by a strong short squeeze and resumed institutional inflows, Chainlink (LINK) has shown modest upside, trading around $9.24, with a daily low of $9.08 and a high of $9.54.
While short-term volatility continues to draw attention, LINK remains positioned above a key monthly low between $7 and $7.3. Strong accumulation and buying interest have historically been seen in this area on longer timeframes. It now represents an important structural level, separating broader downside risk from the potential for a sustained recovery if maintained.
Major altcoins followed Bitcoin’s move, posting notable gains as overall market sentiment shifted away from extreme fear levels. At the time of writing, LINK is priced at $9.25
We współpracy z: https://thenewscrypto.com/is-chainlink-ready-to-reverse-its-downtrend/
