Chainlink LINK Price Analysis
Chainlink (LINK) Analysis Chainlink (LINK) has been relatively stagnant after the significant drop that followed the rejection from the 200 EMA. Recently, LINK has been trading within a narrow sideways range, indicating consolidation. The price action is currently hovering around the $10.12 mark, just above the support zone at $9.96.
While the market is currently moving sideways, further downside movement towards lower support zones, particularly the yellow and pink zones below, seems likely if selling pressure persists. This potential movement would push LINK into critical areas that could determine its medium-term direction.
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