Chainlink (LINK) is one crypto-asset that has recovered massively from its September lows. As of this article’s writing, Chainlink (LINK) trades for $10.75, far above the $8 lows seen near the start of September.
The <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin is still down by just shy of 50% from its all-time high price of $20, set in the middle of August’s buying frenzy.
Unfortunately for bulls, analysts think that the cryptocurrency is primed to move lower in the near term as LINK forms some bearish signals.
Chainlink’s long-term trend is still in a positive state, though, as long as it manages to hold the $8 lows.
Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch
Chainlink Could Soon Move Lower as Bearish Divergences Form
Following the rest of the crypto-asset market over recent days, Chainlink (LINK) recently pushed towards $11 for the first time in many weeks. The <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin currently trades above two pivotal resistances: a downtrend from the September high and the psychological
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