Cryptocurrency

Chainlink

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/chainlink-link-prices-usd" title="Chainlink" class="f-link" rel="noopener noreferrer nofollow">Chainlink</a> experiences a bearish reversal from the 38.20% Fibonacci level at $23, failing to establish bullish momentum.</li>
 <li>The price drops below the $15 psychological mark and the 23.60% Fibonacci level, indicating increasing bearish sentiment.</li>
 <li>The LINK price has fallen below the critical support level of $15 and has shown a rounding top pattern on the charts.</li>
 <li>On the Weekly chart, LINK finds support near the 50-week Exponential Moving Average following a 6% decline overnight.</li>
 <li>The token is nearing a pivotal level around $11, with expectations of a significant rebound soon.</li>
 <li>Bullish reversal is anticipated if LINK maintains the $11 support, potentially reaching $16 in the coming days.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, Conversely, if Bears breach the $11 level, downside potential exists to target the $8.50 support zone as supply continues to grow.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $13.50-$15.00
SUPPORT LEVEL : $11.50-$9.70
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Chainlink Prediction: Is LINK Headed for a Double-Digit Dive

Coingabbar

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