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Chainlink (LINK) token price signifies bearishness and is trading in the bearish trajectory.
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A rounding top pattern breakdown was displayed on the chart.
The LINK token price has breached the key support zone of $15 and is below the key moving averages, directing bearishness on the chart. Moreover, the price action reflects severe distribution from $22, losing over 35% of the gains in the last 30 trading sessions. However, this week, the token has made multiple doji candlesticks and is attempting a reversal. The bulls need to cross the immediate barrier of $15 to regain momentum.
At press time, the LINK was $14.08 with an intraday gain of 2.33%, reflecting neutrality on the charts. It has a monthly return ratio of -23.87% and 87.29% on a yearly basis. The pair of LINK/BTC is at 0.000220 BTC, and the market cap is $8.23 Billion. Analysts are neutral and suggest that the LINK token may continue to face selling pressure and will resume the
We współpracy z: https://www.thecoinrepublic.com/2024/04/20/link-looks-bearish-will-link-continue-to-underperform-ahead/
