The post LINK Price Analysis: Will LINK Overcome The Dominating Sellers? appeared first on Coinpedia Fintech News
With the overall trend in the market being volatile, the Uptober rally is slower than the anticipation of market leaders. Following the price hike in early October, the LINK price takes a step back to test lower levels.
Moreover, the long coming sideways track journey for Chainlink puts the LINK price prediction on an indecisive scale.
In a spiral down from the overhead resistance trendline, the LINK price action displays a breakout failure on the buyers’ part. With the intensive supply inflow keeping the trendline intact, Chainlink prices fall to the 50-day EMA within ten days.
Following the golden crossover, a retest to a 50-day EMA is a general trend in any asset class. However, the rise in selling spree warns of a bullish failure to find a solid footing to reclaim trend momentum.
On a positive note, the price action displays a cup and handle formation with the o
We współpracy z: https://coinpedia.org/price-analysis/link-price-analysis-will-link-overcome-the-dominating-sellers/
