Chainlink Crashes As Investors Pull Out From The Market
Login

Chainlink Crashes As Investors Pull Out From The Market

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Chainlink crashes as investors keep pulling out of the market to mitigate their losses. The price of Chainlink declines along with other major altcoins in the cryptocurrency market. As of now, LINK has depreciated by about 16% in the last seven days.

Learn more on IC News post on X.

The chief cause of this massive crash can be attributed to the persistent decline in the price of Bitcoin. Moreover, according to a report from the Wall Street Journal, Elon Musk’s SpaceX has sold off its Bitcoin holdings after writing down $373 million, which also weighed on sentiment.

Watch this to learn more. Read further to know the LINKUSD situation.

Chainlink Crashes As Investors Pull Out From The Market

Key Chainlink Levels to Watch: August 21

The market’s order flow for LINKUSD is bearish. This followed the MSS (Market Structure Shift) that ensued after the invalidation of the $7.280 old low. While the downtrend continued, a breaker block formed after an aggressive decline due to the increasing momentum of the downtrend.

According to the RSI (Relative Strength Index), a bullish retracement is imminent as the market recovers from its oversold state. Due to the overall order flow of the market, the bullish retracement might not lead to an invalidation of the breaker block.

Resistance Levels: $7.230, $9.650, $12.400

Support Levels: $6.020, $4.930, $1.520

 

Total Market Capitalization: $1.06T

Chainlink Market Capitalization: $3.34B

Chainlink Volume: $0.12B

Market Rank: #22

 

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News