Chainlink price signals the probable start of a downtrend, the pair has been trading below $25 with more than 2% loss. The pair fails to capitalize on the previous session’s gains. The volume in the last 24-hour stands at $982,653,099, up 15.82% for the day. Thus, strengthening the down look for LINK.
Chainlink price trades with almost 2% losses on Monday.
LINK encounters an important congestion zone.
A breakout of the $ support level will aid the downside pressure on the pair.
Cryptomarket took a breather after a decent rally
The global crypto market cap mostly remains unchanged at $2.07 trillion in comparison to the previous day. Link is not an exception as comes under selling pressure on the account of profit booking.
Source: Trading view
Chainlink price has locked gains of 23% from the lows of $19.03 made on December 31. The buyers exhibit strength while pushing the price above the long-term support level at $ 25.0 and touching the highs of $ 28.72. However, the price could not
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