Chainlink moved south from support at $28.5, on the back of bearish on-chain metrics. Uniswap was predicted to drop below the $31.8-level, while Dash lost out on a crucial line of defense at $218.2.

indications were present in the market as Chainlink dropped below $28.5-support. The first was a bearish twin peak setup on Awesome Oscillator, which saw momentum rise sharply on the selling side. The second was a bearish divergence on the RSI. Both factors, along with a bearish broader market, contributed to the breakdown of the price. RSI avoided the oversold territory, but a rise toward the upper region was unlikely in the coming sessions.
Previously, a move into the current region saw a brief period of consolidation before moving upward, and the same was expected moving forward
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