LINK

Chainlink (LINK) Risks Deeper Correction, Unable to Break Recent High

Chainlink (LINK) Long-Term Analysis: Bullish
Following September 7, bearish impulse, Chainlink’s (LINK) price has resumed a downward correction. The altcoin is fluctuating between levels $25 and $30.50. The bulls and bears have not made a strong indication to break the range-bound levels as the price fluctuates in the middle of the range-bound zone. The current uptrend was repelled at the 50-day SMA. If buyers breach the resistance at level $30, the market will rally above $35 high. The bullish momentum is likely to continue on the upside. However, if the LINK faces rejection at the recent high, Chainlink will fall and find support above $30 support.