Chainlink

<ul><li>Chainlink&#39;s price shows a consistent downtrend with immediate support at $12 and resistance at $14.</li><li>Increased selling volume and lower highs suggest bearish momentum, but a trend reversal is possible.</li><li>RSI at 39.85 and MFI at 37.83 indicate moderate selling pressure, with potential for bullish reversal above $14.</li></ul>Chainlink (LINK/USD) has been trading within a defined range since April, fluctuating between $12.73 and $18.68. Early July saw a bearish sentiment, pushing the price down to $11.07, before stabilizing around $12.33. As Chainlink stands around <a href="https://www.coingecko.com/en/coins/chainlink" rel="noopener noreferrer nofollow">$12.483</a> at press time, a potential support zone at $12.3 could trigger a reversal in the coming days.<a href="https://cryptotale.org/chainlink-dominates-erc-20-rankings-with-highest-development-activity/" rel="noopener noreferrer nofollow">Chainlink&#39;s</a> price action has consistently followed a downtrend, characterized by lower highs and lower lows. This trend indicates a bearish market sentiment. The current price, which is down by 3.03%, reflects this ongoing decline. Notably, the trading volume stands at 315.217K, with an increase in selling volume as the price drops.Indicators like the Relative Strength Index (RSI) and the Money Flow Index (MFI) further confirm the bearish momentum. The daily RSI is at 40.26, below the neutral level of 50, and approaching the oversold territory at 30. This position indicates strong bearish momentum. Similarly, the MFI at 37.83 suggests moderate selling pressure, although it has not yet reached the oversold region.<a href="https://cryptotale.org/link-sees-potential-trend-shift-despite-imminent-dips/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

LINK Sees Potential Trend Shift Despite Imminent Dips

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