Chainlink Crashes 6% As Bears Take Control: Will $13 Be The Final Stand?

Chainlink Crashes 6% As Bears Take Control: Will $13 Be The Final Stand?

Chainlink dropped over 6% as market sentiment turned risk-averse. LINK broke below the lower Bollinger Band; resistance sits at the 20-day SMA of $17.30. RSI and MACD point to continued downside with no clear reversal signs. Holding above $13 is key to maintaining LINK’s long-term bullish outlook. Chainlink (LINK) is under heavy selling pressure as market sentiment turns risk-averse. With LINK falling over 6% in the last 24 hours, technical indi…

Chainlink Price Drops 7% But Analyst Remains Bullish Above $13 - The Market Periodical

Key Insights: Chainlink (LINK) has successfully broken the bearish head and shoulder pattern, flashing more dip ahead. The current price action hints that if LINK price continues to fall, it could get support near $14.80, and if it fails further, it could get support from $13. An expert commented that the bullish outlook remains intact as long as LINK holds above the $13 support level. With a 7% downside momentum, the Chainlink price has confir…

Chainlink Price Holds Key Support as Analyst Sees Bullish Path Ahead

Despite the pullback, analysts remain confident that the altcoin’s bullish trend is intact as long as it maintains support above $13. Crypto analyst Ali highlighted that LINK’s structure continues to show strength, projecting potential targets of $26, $34, and even $50 if the current ascending channel remains in play. According to his analysis, there is “no reason to be bearish just yet,” provided that LINK does not lose its critical support zon…