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Schlëssel Héichpunkter
LINK faces another rejection at $11.81 as it resumes downtrend
LINK may slump to level $9.33
Chainlink (LINK) Aktuell Statistiken
Den aktuelle Präis: $10.50
Maart Kapitaliséierung: $ 3,673,518,965
Handelsvolumen: $ 1,213,763,942
Grouss Versuergungszonen: $ 18.00, $ 20.00, $ 22.00
Grouss Ufrozonen: $ 8.00, $ 6.00, $ 4.00
Chainlink (LINK) Price Analysis October 16, 2020
LINK downtrend was partially interrupted on October 7, when the coin rebounded to reach the high of $11.81. However, the bulls fail to sustain the upward move. LINK would have been out of the downward correction if buyers have pushed the coin above the $14 high. The coin has resumed a downward move after rejection from the high of $11.81. The market will further decline if the price breaks below the SMAs. Today, the crypto is trading at $10.38 at the time of writing.
Chainlink Technesch Indikatoren Liesen
LINK price breaks the 21-day SMA but faces rejection at the 50-day SMA. There is a likelihood of price falling. The coin has fallen to level 49 of the Relative Strength Index period 14. This implies that there is a balance between supply and demand.
Konklusioun
LINK is falling after rejection from $11.81. There will be a further decline if the $10.20 support cracks. On October 13 downtrend; the retraced candle body tested the 50% Fibonacci retracement level. It implies that the selling pressure will continue to level 2.0 Fibonacci extension or the low of $9.33.
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