Claim $500Chainlink Price Analysis: LINK Trading In Huge Downtrend, Possible V-Formation
Chainlink Price is trading in a huge downtrend channel and is forming a possible V-formation. Now it is consolidating below the EMAs and is showing low volume. The RSI bounced at the oversold area which is bullish but it can come back again into this arena to confirm this overall shape.
Chainlink [LINK] Price Analysis: 4 Hr Chart
The MACD showed a crossover to the upside and this is a bullish sign when it does not come back and crosses again to the downside this will give a fake breakout when LINK confirms the V-formation and above the EMAs we can expect it to cross over the downtrend channel also this will give a bullish sign otherwise it is till bearish.
- TREND: Consolidation
- EXPECTATION: V-formation
- TREND AFTER EXPECTATION: breakout
- PREV: 3.95245
- OPEN: 3.93269
- VOLUME: 174.508K
- DAY’S RANGE: 3.89548 — 4.09664
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Crash Risk Mounts As Peter Brandt Points to 80% Declines in Every Major Cycle
- Bitcoin Whale Doubles Down on BTC, ETH, SOL Short Positions, $243M at Stake
- IMF and El Salvador in Bitcoin Talks: Progress Made, Compliance Deadline Set
- Trump Media Invests $40M in Bitcoin as Incoming CFTC Chair Signals Crypto Clarity Act Push in January
- Aave DAO Saga Deepens as Alignment Proposal Moves to Snapshot; AAVE Price Down 7%
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
- XRP Price Prediction: Rare Bullish Patterns Align With Powerful Catalysts
- Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
