LINK’s price fails to hold amidst market turmoil as price falls back into its accumulation zone with a range-bound movement.
LINK’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.
LINK’s price bounces from a low of $5.8 on the daily timeframes as the price aims for a recovery toward the 50 Exponential Moving Average (EMA)
In the last few days, the crypto market has seen some drastic shift in sentiment, with Chainlink (LINK) and the price of other altcoins battling for survival after the news broke that Binance would not be taking over FTX and the company had gone bankrupt. Previous weeks saw the price of Chainlink (LINK) perform well, rallying from a low of $6.3 to a high of $9, breaking out of its long-range price movement. Most altcoins trend higher as many produced gains of over 200%, including DOGE rallying from a region of $0.55 to a high of $0.15, with many hoping fo
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