Chainlink’s (LINK) Outlook Grows Bleak: Signals of Bearish Continuation Surface

Chainlink’s (LINK) Outlook Grows Bleak: Signals of Bearish Continuation Surface


Chainlink’s LINK price is struggling to surpass the $13.80 resistance. The price could continue to move down if it breaks the $13.00 support.

Chainlink price is showing bearish signs below the $14.00 resistance against the US dollar. The price is trading below the $13.60 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could start a decent increase if it clears the $13.80 resistance zone. Chainlink (LINK) Price Turns Red

In the past few days, Chainlink saw a steady decline from well above the $13.80 level. LINK price declined below the $13.50 support level to enter a

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