The weekend may not be so good for the altcoin, which has fallen more than 10 percent in the last four days. With the BTC price falling, investors are losing appetite for the rest of the cryptocurrencies. This is not surprising given the months of negativity. We have seen worse in bear markets.
Chainlink (LINK)
BTC price started the new season strong and saw a new all-time record price ahead of the halving. This was different from previous highs and was triggered by ETF excitement. Although strong inflows from investors familiar with traditional markets are expected to continue after the launch, net inflows have been flat for some time. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
LINK Coin and the situation is not very encouraging for others. Despite major partnerships and other good news, investors are worried about further declines. Short-term investor groups have become more available to sell BTC and altcoins. The dominance of short-term investors on the LINK Coin front has decreased from 7.37% to 2.9% in just 4 weeks.
Although the decline in the short-term investor ratio generally indicates an increase, this may not be possible considering the state of BTC. The Ichimoku Cloud analysis also supports the downside potential. When the cloud was positioned above the candlesticks, this was generally an appearance that reflected the short-term downside potential.
LINK Coin Price Prediction
The altcoin, which has lost 11% in the last 4 days, is increasing its losses at the time of writing. The journey to deeper bottoms may continue as the BTC price begins to close below $ 58,000 in the following hours. The sales that accelerated with the opening of the US markets caused the BTC price to drop from $ 60,000 to $ 58,000 again.
At the time of writing BTC continues the day with a 4% loss at $58,160. LINK Coin is below the key $12.35 resistance that we have mentioned many times and is not far from the $10.79 support.
Chainlink (LINK) If it falls to the $ 10.79 support and loses this threshold, a new decline to $ 9.35 may begin. A drop to the key support level will also erase previous gains of 30 percent.
However, closes above the $12.35 resistance could pave the way for new highs at $13 and beyond, allowing a test of $13.77.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
