CHAINLINK – ALTCOIN CHART ANALYSIS

Chainlink (LINK) is currently trading at around $6.50 right on our uptrend. On the daily chart we have declining trading volume although we have seen a larger sell-off.

After breaking through our green resistance box a week earlier, we were unfortunately unable to confirm this with a retest.

Going by liquidity alone, $5.50 is where we stand to gain the most. Of course, we can see a brief rebound into the $6.90 area before that.

However, for the next few days and weeks, the likelihood is significantly higher that we move lower and retest the $5.50 area as support and start a fresh recovery to the upside from here.

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