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The post <a href="https://coinpedia.org/price-analysis/chainlink-link-rejects-14-65-resistance-traders-on-high-alert/">Chainlink (LINK) Rejects $14.65 Resistance Traders On High Alert</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://markets.coinpedia.org/chainlink/">Chainlink</a>(LINK) on Wednesday started red, with a price down to 4.26% LINK has formed a downward trajectory. Breaking one strong support at $14.2 and a crucial support at $14.17 downtrend continues to settle at $13.8, Currently.&nbsp; 
Bulls are on alert as the price navigates to seek support between $12- $13.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/CE9VoIl3uaauAlw2wWnuonGNwW5f56-SWfAr14UibsrYlolu3OfQpCMJk_MGFJS5M_vTwkYZA5Pdhz3_l5f__0PDhEf2sIOe3YQxpvZB8REG9KGM5uWfCOgth7Cm5cXhhh0mGjbc-Cifjb_jzI-4mK8" alt="">
</figure> 
The LINK/USDT 4-hour chart gives a bounceback outlook with strong strong support. The downward channel indicates a bullish breakout and a trend reversal signal.&nbsp; With RSI hovering at neutral and oversold condition the price will head to an accumulation zone of $13.&nbsp; 
Traders watch out for the $13 level for a breakout, any direction upside or downside from here will have the price moving rapidly in the same direction. Most concerning here would be the MACD is below the signal Line.&nbsp; 
Trend traders can take entry anywhere at $12.08 to $13 with the same stop loss after watching the breakout.&nbsp; 
<h2 class="wp-block-heading" id="h-chainlins-fundamentals-holding-the-bars">Chainlins Fundamentals Holding The Bars&nbsp;</h2> 
Despite Bitcoin LINK projected a weak performance with a weekly low of nearly 25% the Cross-Chain Interoperability Protoco is performing on a neutral RSI( No overbought or oversold condition). This neutral market sentiment balanced after chainlinks notable fundamentals.&nbsp; 
<ul> 
 <li>Chainlink was selected to be the tech partner to develop and manage Hongkong Dollars Stablecoin (HKDR)</li> 
 <li>A recent report by Intotheblock revealed that Chainlink managed to have negative netflow from exchanges, showing signs of accumulation.&nbsp;</li> 
</ul>

Chainlink (LINK) Rejects $14.65 Resistance Traders On High Alert

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