Today news
About the same in other media
While Chainlink prepares for recovery, long bets still not ideal. Here’s why
Reading now: 796
Chainlink has laid the ground for a recovery following an oversold RSI and a bullish crossover on the MACD. A move above the 4-hour 20-SMA and 38.2% Fibonacci level would open a route towards the $34-mark, provided bulls are able to successfully negotiate past certain swing highs at $30 and $31.5.
At the time of writing, LINK traded at $27.9, down by 1.8% over the last 24 hours.
Source: LINK/USD, TradingView
Chainlink attempted a revival after an up-channel breakdown triggered a 22% sell-off between 15-18 November. Although $26-support offered momentary relief, LINK needed to smash past its 20-SMA (red) and 38.2% Fibonacci level to rebuild its price.
The region between $30-$31.5 also posed some challenges since the 50-SMA (yellow) and 200-SMA
Read more on ambcrypto.comAbout this in other media
Floki Inu-Chainlink integration is good news, but what does the alt really lack ambcrypto.com /2 years ago
Chainlink, Ethereum Classic, Avalanche Price Analysis: 05 December ambcrypto.com /2 years ago
Solana, Chainlink, Enjin coin Price Analysis: 2 December ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
