The post Chainlink (LINK) Could Fall by 20%, Key Levels to Watch appeared first on Coinpedia Fintech News
The market sentiment across the cryptocurrency landscape is quite bearish. Amid this, Chainlink (LINK) turns bearish and is poised for a notable price decline but is currently at a strong support level.
This negative outlook may be due to LINK’s recent price action and traders’ bets over the last 24 hours.
Chainlink (LINK) Technical Analysis and Upcoming Levels
According to expert technical analysis, LINK appears bearish and is on the verge of breaking down the inclined trendline of its ascending triangle price action pattern on a daily time frame. Since the beginning of August 2024, LINK has been supported by this inclined trendline, experiencing buying pressure and upward rallies each time.
Source: Trading View
However, due to the negative outlook and traders’ bearish sentiment, the asset now appears at risk of breaking down from this support level.
Based on th
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