Recently Chainlink $19.5The price of the LINK ‘s a large extent declined to a large extent after a short recovery. While this mobility leads to concerns in Altcoin’s community, the decline is expected to continue. LINK Coin As we approach significant support levels, the sales of large investors are considered as a signal that the price may fall further. This poses a serious risk for small investors in the market.
Whale sales are increasing in Chainlink
End data Chainlink WhalesIt shows that it started a large wave of sales. Popular analyst Ali Martinez According to the centimeter data shared by the last 48 hours, approximately 4.3 million LINK Coin was sold by large investors. This amount suggests that investors are starting to leave the market and that prices can act in the direction of decrease.
Crypto Money MarketWhale movements are often considered an important indicator that determines the direction of a price. For this reason, LINK’s acting in the direction of fall has worried most investors. Sales of whales may cause the price of LINK to decrease further in the short term.
Technical indicators point to decline in LINK Coin
The last recovery in the price of LINK found more than 1659 transactions and the volume of over $ 100,000. However, the fact that the whales continued to sell caused the price to fall again.
Technical analysis indicators also point to decline. Relative power index (RSI) altcoinshows that the bear market is strengthened by making falling hills. Moreover ON-BALANCE VOLUME The (OBV) indicator also shows a decline tendency. These two technical indicators show that LINK’s value may further decline in the coming days. The price has currently found a strong support of around $ 19. However, if the bulls have difficulty defending this level, altcoinIt may be possible to decrease the price of up to $ 15.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
