Chainlink

Coin

<ul class="news-points"> 
 <li>LINK fell from its two-week high following Bitcoins’ drop below $30,000.</li> 
 <li>If whales continue to accumulate, then LINK may exchange hands between $7.9 and $8.5.</li> 
 <li>Sellers had some presence, indicating a potential for LINK to fall below $7.40.</li> 
</ul> 
<a href="https://coinedition.com/tag/chainlink-LINK/" rel="noopener noreferrer nofollow">Chainlink (LINK)</a> climbed as high as $7.85 on August 9, following Bitcoin’s (BTC) mild recovery to $30,000. For a token that almost lost its hold on $7, <a href="https://coinedition.com/chainlink-link-price-prediction/" rel="noopener noreferrer nofollow">LINK’s price increase</a> confirmed the notion that buyers had forced the 6.47% 7-day hike. 
However, the increase has cooled off as BTC also struck out its recent gains. At press time, LINK was trading at $7.55, losing 0.59% of its value in the last 24 hours. 
On the 4-hour chart, LINK’s climb was triggered by bulls’ resolve to create demand at $7.07 on August 6. This buying pressure ensured that LINK’s market structure was bullish as the price ascended. 
<h2 class="wp-block-heading" id="h-profit-taking-leads-link-down"><a></a>Profit-taking Leads LINK Down</h2> 
But after rising as high as $7.85, SHIB met resistance at $7.74. Bulls made further attempts to push towards $8 but on several, occasions, faced rejection around the same resistance area. 
As a result of the increase, the Relative Strength Index (RSI) rose as high as 71.10. But … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/chainlinks-link-bounce-to-the-top-cools-off-will-it-recover/">Chainlink’s (LINK) Bounce to the Top Cools Off; Will It Recover?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Chainlink’s (LINK) Bounce to the Top Cools Off; Will It Recover?

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