Chainlink (LINK) Is Falling After a Rejection from the High of $44
Chainlink (LINK) Long-Term Analysis: Bullish
Chainlink is in a downward correction after its rejection from the high of $52. The altcoin fell to the low of $40 and resumed fluctuation between $41 and $48. The uptrend will resume if price breaks the high of $48. Today, the altcoin is falling and approaching the $41 support. The selling pressure will resume if the current support is breached. On May 10 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the LINK will rise to level 2.0 Fibonacci extension or the high of $75.15.
Chainlink (LINK) Indicator Analysis
Chainlink has fallen to level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are...
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