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Chainlink price analysis: LINK/USD down at $22 amid bearish crypto market

Chainlink price analysis: LINK/USD down at $22 amid bearish crypto market


Cryptopolitan
2021-09-25 02:46:11
Chainlink price analysis: LINK/USD down at $22 amid bearish crypto market

TL;DR Breakdown Chainlink price analysis shows LINK/USD lost 12 percent value today.LINK is crashing down along with top altcoins.Support is found at $21. The Chainlink price analysis is in favor of bears today. The price went down significantly from the start of the session as the price breakout was downwards. The LINK/USD pair traded between $25.5-$22.6 today, as the downfall continues. The support is present at $21, which might go under a retest today. The last hour proved lethal for LINK/USD, as it crashed spectacularly during this time and is trading hands at $22.6 at the time of writing. The broader crypto market crashed in the last hours with the giants Bitcoin and Ethereum, along with top altcoins, reporting significant losses, and still, the downfall continues at the time of reporting. This is the third time when the crypto market crashed in September, proving a distressing month for cryptocurrencies. LINK/USD 1-day price chart: The downfall continues The 1-day price chart for Chainlink price analysis shows price went down steeply today as the crypto market crashed. The bears are reinforcing their rule after just two days of bullish momentum, as today’s price function of most of the cryptocurrencies has reversed. LINK/USD 1-day price chart. Source: TradingView The volatility is increasing for the LINK/USD pair as the Bollinger bands ends are expanding again, with the upper end at the $34 mark and the lowe...

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