Chainlink

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/link-price-losing-momentum-will-bulls-hold-the-price-above-its-crucial-level/">LINK Price Losing Momentum! Will Bulls Hold The Price Above Its Crucial Level?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>The crypto market has displayed significant moves in its valuation in the past month, as many cryptocurrencies have recorded a gain of over 100% in value during this time. Further, the altcoins have started gaining massive traction, indicating a possibility of an altseason in the coming time.</p>
<p>Following the market pump in October, the LINK price attracted massive attention from the market as the <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" rel="noopener noreferrer nofollow">Chainlink price</a> has added over 100% in value Month-on-Month (MOM), with a total gain of 114.8%. Further, the LINK token recorded a new yearly high of $16.42, after which the price experienced a minor correction.</p>
<h2 class="wp-block-heading" id="h-will-the-link-price-rebound-soon">Will The LINK Price Rebound Soon?</h2>
<p>Ali, a well-known technical crypto analyst with substantial followers of over 32K on the “X” platform, has posted the possible Chainlink price targets for the coming days.</p>
<p>The analyst predicts the price is bound to undergo correction in the coming time. The trading desk (TD) recently presented a sell signal on three different time frames: Daily, 3-day, and weekly charts.</p>
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   <p lang="en" dir="ltr">It looks like <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Chainlink</a> is bound for a correction! <br><br>The TD Sequential presented a sell signal on <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a> daily, 3-day, and weekly charts, anticipating a retracement toward $12.50. Failing to hold above this critical support area could extend the losses to $10.50.<br><br>Looking to buy… <a href="https://t.co/jzk92ZFu25" rel="noopener noreferrer nofollow">pic.twitter.com/jzk92ZFu25</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1723951370166767643?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 13, 2023</a>
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<p>All three indicators display a negative trend, as the LINK price has experienced a correction of approximately 6.5% from its high.&nbsp;</p>
<p>Looking at the technical indicators, the averages display a decline in the chart, indicating a reduction in bullpower over the market. Further, the averages show a possibility of a bearish convergence, supporting the analyst’s prediction.</p>
<p>Further, he predicts the price of retesting the support level of $12.50 in the coming weeks. Moreover, if the market fails to hold the price at that level, the price is expected to continue falling and test its lower support level of $10.50 this year.</p>

LINK Price Losing Momentum! Will Bulls Hold The Price Above Its Crucial Level?

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