Chainlink (LINK) has surged by 109% in the past year and 68.5% in the previous three months. However, recent data highlights a weakening uptrend with a 9% drop noted recently.
As of August 29, 87.4% of LINK’s circulating supply is in profit, nearing levels that previously triggered price corrections. The Chaikin Money Flow (CMF) turned negative, signaling reduced buying pressure.
Currently priced at 23.31 USD, LINK is positioned within a bearish pattern. Important support levels are at 22.84 USD and 21.36 USD; breaches could result in further declines.
Leave a Reply