Chainlink’s (LINK) price has fallen to a low of $25.69 and has recovered. The recent downward momentum has subsided as the market has resumed a sideways trend.
Chainlink’s price was choppy after the downward momentum on September 7. The cryptocurrency has been fluctuating between $25.50 and $29.50. The LINK price has tested the lower price area twice but has been rejected as the altcoin resumed its upward trend. Today, buyers are pushing the altcoin higher to retest resistance at $30. On the upside, a break above resistance will catapult the altcoin to a high of $36. On the other hand, if the bears break the lower price range, the altcoin will continue to fall to a low of $22. Meanwhile, LINK/USD has resumed its uptrend and regained its previous highs.
Citirea indicatorului lanțului
The cryptocurrency is at level 49 on the Relative Strength Index for period 14, indicating a balance between supply and demand. LINK is above the 30% range of the daily stochastic. This suggests that the cryptocurrency is in a bullish momentum. The market is rising to retest resistance at $30.
Indicatori tehnici:
Zonele cheie de rezistență: 48 $, 50 $, 52 $
Zonele cheie de asistență: 20 USD, 18 USD, 16 USD
Care este următoarea mișcare pentru Chainlink?
Chainlink is in a downward correction. The price action is limited to the $25.50 to $29.50 range. Chainlink will move when the trading range boundaries are broken. Meanwhile, the altcoin is moving higher. Buyers need to break above the moving averages and overcome the resistance at $30 to resume the uptrend.
Disclaimer. Această analiză și prognoză sunt opiniile personale ale autorului care nu sunt o recomandare pentru a cumpăra sau vinde criptocurrency și nu ar trebui privite ca o susținere de către Coin Idol. Cititorii ar trebui să facă propriile lor cercetări înainte de a investi fonduri.
