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Cryptopolitan 2021-08-26 18:05:14

Chainlink price analysis: LINK touches $25 as bearish drive intensifies

TL;DR Breakdown Chainlink price analysis show decline in price levels.The price has lowered to $24.92 mark.Support present at $24 to be crossed soon. The Chainlink price analysis is showing a negative trend with the bears reigning the price charts this week. The price levels have vividly fallen, and the coin value has lowered to the value of $25. The downfall has been of huge impact, and the bearish streak has been continuous during the past few hours. The day has seen SMA 50 crossing SMA 20 as well which is a major indication of the bearish momentum. LINK/USD 1-day price chart: Bearish momentum powers through after sudden rise The 1-day price chart showing cryptocurrency values is going in the bearish direction today. The chart is displaying red candlesticks on their way to lower the price even below its current level which is at $25. The moving average (MA) is slightly better than today’s coin value and is present at $27 in the 1-day chart. The volatility is slowly decreasing which, on the other hand, is a positive signal for cryptocurrency. LINK/USD 1-day price chart. Source: TradingView As the volatility is decreasing, so are the Bollinger bands narrowing down, with its upper value being $30 and its lower value being $23 in the Chainlink price analysis. The Relative Strength Index (RSI) score is moving downwards as well and the score is at the average level of 49.03. Chainlink price analysis: 4-hours chart shows min...

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