ChainLink’s price analysis on November 25, 2022 shows that the market has received some negative momentum after a partial bearish move, indicating a decline in the LINK market. ChainLink’s price has remained negative for the past few hours. Today the price collapsed and fell from 6.8 to 6.6 dollars. However, shortly after that, the market began to further decline in value, as the cryptocurrency is already losing most of its value. Moreover, ChainLink declined to hit $6.7, narrowly dodging the $7 mark.
ChainLink’s current price is $6.7 and the trading volume is $316,063,111. Chainlink is up 0.14% in the last 24 hours. ChainLink is currently ranked 21st with a real market capitalization of $3,401,730,946.
LINK/USD 4-hour price analysis: latest developments
ChainLink price analysis shows market volatility after the close. This means that the price of ChainLink becomes less inclined to move in one direction or another, demonstrating further downward momentum. The upper limit of the Bollinger Band is $7, which is the strongest resistance for LINK. Conversely, the lower limit of the Bollinger Band is $5.9, which is the strongest support for LINK.
The price of LINK/USD is moving below the price of the moving average, which indicates a bearish move. The market trend seems to be dominated by bears. The price of LINK/USD is moving down, indicating a decline in the market. The market seems almost broken, which can provoke a reversal movement; there may still be hope for the bulls.
ChainLink’s price analysis shows that the Relative Strength Index (RSI) is 59, indicating a stable supply of the cryptocurrency. This means that the cryptocurrency is in the upper neutral area. In addition, the RSI is moving down, indicating a falling market. The predominance of selling leads to a decrease in the RSI.
ChainLink price analysis in 1 day
ChainLink’s price analysis shows market volatility after a downtrend, meaning that ChainLink’s price becomes less prone to change at either extreme. The upper limit of the Bollinger Band is $8.2, which serves as the strongest resistance for LINK. Conversely, the lower limit of the Bollinger Band is $5, which is the strongest support point for LINK.
The price of LINK/USD is moving above the price of the moving average, which indicates a bullish move. Moreover, the market trend in the last few days seems to have been bearish. As a result, the market took a negative approach. However, a market breakout is expected, the market has begun to close its volatility and the price has started to move lower.
Chainlink price analysis shows that the relative strength index (RSI) is 49, which means a stable cryptocurrency. This means that the cryptocurrency falls into the central neutral area. In addition, the RSI trajectory seems to have shifted to the downside. The decline in the RSI also means the dominant selling activity is on the verge of crushing the bulls.
ChainLink Price Analysis Conclusion
Chainlink price analysis shows that the cryptocurrency is following a strong downtrend with plenty of room for further activity on the falling extreme. Moreover, the current state of the market seems to follow a negative approach. Therefore, it can be assumed that the bears will soon begin to act in order to maintain control over the market.
Denial of responsibility. The information provided does not constitute trading advice. Cryptopolitan.com is not responsible for any investment made based on the information provided on this page. We strongly recommend that you conduct independent research and/or consult a qualified professional before making any investment decisions.