LINK

12.67

-1.70%

Summary of Chainlink ($LINK ) (1D Frame)

-Chainlink ($LINK ) is showing a deep bearish trend ($Deep Bearish$) on the daily timeframe.

-The current price ($12.14 USD$) is below all Moving Averages (MA 7, MA 25, and MA 99), confirming that the medium and long-term downtrend has been established.

-The current price structure is negative, continuously setting lower highs and lower lows. These Moving Averages are currently acting as very strong dynamic resistance.

-To negate the downtrend, $LINK needs a strong accumulation or breakout to surpass these important resistance levels.