LINK/USDT 1D BEARISH DUMP INCOMING
The LINK crypto chart is displaying bearish qualities and is expected to plummet further. It has demonstrated a poor weekly outlook in the chart as the price is trapped in a range-bound situation and is facing rejection from a supply region.
As of now, the LINK price is in the lower band of the parallel channel and gearing up for a steep fall. Furthermore, the LINK crypto experienced a 0.42% fall in the last 24 hours, and was trading at $14.88 at press time.
The LINK crypto has shown a sign of a steep fall as the price faced strong resistance, preventing it from surpassing the $17 level on the chart. Therefore, if the price doesn’t sustain the immediate level, then the fall is imminent and it could slip to $11.
However, if the demand for the LINK rises, the asset price could bounce back from the current level inside the lower band as well. Then the next goal for the LINK price could be to reach $20.
As of now, the LINK price is in the lower band of the parallel channel and gearing up for a steep fall. Furthermore, the LINK crypto experienced a 0.42% fall in the last 24 hours, and was trading at $14.88 at press time.
The LINK crypto has shown a sign of a steep fall as the price faced strong resistance, preventing it from surpassing the $17 level on the chart. Therefore, if the price doesn’t sustain the immediate level, then the fall is imminent and it could slip to $11.
However, if the demand for the LINK rises, the asset price could bounce back from the current level inside the lower band as well. Then the next goal for the LINK price could be to reach $20.
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