Chainlink Price Prediction: LINK Eyes Recovery as Accumulation Trends Strengthen
- LINK trades in a range as buyers defend $16.98 while resistance near $18.78 caps upside.
- Sharp drop in LINK open interest to $641M signals reduced leverage and cautious sentiment.
- Consistent exchange outflows show long-term LINK accumulation easing selling pressure.
Chainlink’s (LINK) recent price action shows the token attempting to recover after a steep correction from the $23.72 swing high. The cryptocurrency trades near $17.60, where short-term buyers are showing signs of re-entry.
However, LINK remains trapped between key resistance and support levels, indicating a cautious market tone. The 4-hour chart suggests that traders are waiting for a decisive breakout before committing to a new direction.
Price Behavior and Key Levels
The current structure reflects a recovery phase within a broader corrective pattern. LINK bounced modestly after testing suppo…
Read The Full Article Chainlink Price Prediction: LINK Eyes Recovery as Accumulation Trends Strengthen On Coin Edition.
Read More
Dogecoin Price Prediction: Wedge Breakout Could Ignite 15% Rally If $0.205 Resistance Falls
XRP Price Prediction: Ripple Prime Power Play Fuels $2.90 Breakout Hopes
Chainlink Price Prediction: LINK Eyes Recovery as Accumulation Trends Strengthen
- LINK trades in a range as buyers defend $16.98 while resistance near $18.78 caps upside.
- Sharp drop in LINK open interest to $641M signals reduced leverage and cautious sentiment.
- Consistent exchange outflows show long-term LINK accumulation easing selling pressure.
Chainlink’s (LINK) recent price action shows the token attempting to recover after a steep correction from the $23.72 swing high. The cryptocurrency trades near $17.60, where short-term buyers are showing signs of re-entry.
However, LINK remains trapped between key resistance and support levels, indicating a cautious market tone. The 4-hour chart suggests that traders are waiting for a decisive breakout before committing to a new direction.
Price Behavior and Key Levels
The current structure reflects a recovery phase within a broader corrective pattern. LINK bounced modestly after testing suppo…
Read The Full Article Chainlink Price Prediction: LINK Eyes Recovery as Accumulation Trends Strengthen On Coin Edition.
Read More
Dogecoin Price Prediction: Wedge Breakout Could Ignite 15% Rally If $0.205 Resistance Falls