- Chainlink has decreased more than 3 %, and is currently trading at $ 13.
- The daily trading volume in LINK increased by more than 80 %.
A decrease of 1.49 % on the ceiling of the encryption market pushed the assets to the red region, and loses its recent gains. All the main queens have lost momentum and are traded on the negative side. After the lawsuit, Chainlink (Link) has decreased by 3.26 % over the past 24 hours.
Link started today commerce In its daily height at about $ 14.14. Although more strength on the upper side, Altcoin width a negative gathering. Later, the original decreased towards a decrease of $ 13.20, with a declining shift. At the time of writing this report, Chainlink is trading within the level of $ 13.23, with a maximum market of $ 8.69 billion.
In addition, the daily asset trading volume increased by more than 80.10 %, with a touche of $ 472 million. According to Coinglass DataMore than $ 1.02 million has been rated from Chainlink in the market during the past 24 hours.
LINK weekly graph recorded a decrease of more than 13.28 %. The highest weekly assets level was marked at $ 15, and strong bears have returned to $ 12.
Can ChainLink sink more?
The four -hour trading chart reveals a powerful declining momentum, and the price may slip towards a range of $ 13.15. The expanded correction on the downside can lead to the appearance of the intersection of death. The original may be drowned to its lowest level under the threshold of $ 13.
However, the positive collapse of the original above $ 13.31 is likely to climb and test his decisive resistance at $ 13.40. More buddling correction of Chainlink may pay the price to its last highest levels. Gradually, the golden cross may call for detection.
During zooming on the artistic chart, via the MACD medium rapprochement line and the signal line below the zero line. This intersection indicates that the declining momentum is gaining strength. Moreover, the Chaikin Money Flow (CMF) is found at 0.03, hinting over the mild purchase pressure on the market. Also, the money flows to the original, and the constant height can enhance the direction.
Moreover, the daily relative strength index (RSI) is placed in 42.21, which indicates FeelingsSelling pressure on the market. Moreover, the value of Bull Bear (BBP) in -0.42 indicates that the bears are currently stronger than the bulls. If the value continues to decline, it will be a deeper correction.
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