Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: EAA-ALLAH on June 20, 2021, 01:37:26 AM
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Chainlink (LINK) has continued its downward move as the crypto dropped to $21 low. The intense selling pressure above $35 interrupted the upward correction of the crypto.
In the first rejection at the $35 high, Chainlink dropped to $24 low. Buyers reacted and pushed the altcoin to the $32 high. The bulls retested the $32 resistance zone twice but could not sustain the bullish momentum. Chainlink was resisted as the altcoin slumped to $21 low. There is a possibility that altcoin may fall and revisit the previous low at $18, or $15. However, if the $21 support holds, LINK/USD will resume up trending. For instance, on May 23, the bulls bought the dips as the crypto rallied to $35.Source (https://cryptonews.net/800131/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Chainlink should be able to increase its price again past 21 USD because the benefits of Chainlink are many for the community who likes the cryptocurrency environment.
When I made this thread, I saw Coinamrketcap and the price from Chainlink was around 18 USD and to reach 21 USD it was very close and only 2 USD difference.
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Chainlink now has very natural properties such as water flowing from the Himalayas down the hill and up to the river, then now for Chainlink already has a good value in the market to be able to continue to be developed wisely by investors.
Bullish or Bearish all the strength of the Chainlink coin lies in investors, holders and traders because they all work together to create something called price togetherness, that's why Chainlink is purely a Decentralized coin.