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{"id":499040,"date":"2022-08-17T15:40:46","date_gmt":"2022-08-17T15:40:46","guid":{"rendered":"https:\/\/wncen.com\/?p=499040"},"modified":"2024-06-11T14:22:39","modified_gmt":"2024-06-11T14:22:39","slug":"chainlink-link-price-retreats-to-8-63","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink-link-price-retreats-to-8-63\/","title":{"rendered":"Chainlink In Bearish Mood As LINK Price Retreats To $8.63"},"content":{"rendered":"

Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. <\/span><\/em><\/p>\n

\n
Chainlink price outlines bearish strides<\/span><\/li>\n
LINK\/USD pair key support spotted at $8.54<\/span><\/li>\n
Pair resistance seen at $9.26<\/span><\/li>\n<\/ul>\n
The LINK\/USD pair price slips on a downtrend as seen overnight which has been predictable overall.<\/span><\/p>\n
More so, the market also suffers a loss of 4.80% as seen in the past 24 hours and currently faces key resistance at $9.26. For now, LINK price appears to be extremely bearish with key support seen at $8.54.<\/span><\/p>\n
Related Reading: Decentraland Momentum Pushes MANA Into Consolidation Phase\u2019s Higher Rung<\/a><\/div>\n
LINK Price Sheds 1.83%<\/b><\/h2>\n
The daily chart reveals that the LINK\/USD pair has suffered a massive decline as seen in the past 24hours. The plunge of LINK has been consistent with its bearish stance.<\/span><\/p>\n
According to<\/span> CoinMarketCap<\/span><\/a>, LINK price has been down by 1.83% or trading at $8.51 as of this writing. It seems to have fallen from its support line of $8.54.<\/span><\/p>\n
The current trading volume is down by 24.51% or at $363,041,655 with the market cap at $4 billion. Apparently, LINK price has been circling the $8 mark as seen since Sunday.<\/span><\/p>\n
Judging by the daily price chart, the LINK\/USD pair is seen to be immensely bearish for the past few hours with the MACD lingering in the bearish zone. <\/span><\/p>\n
RSI for LINK is spotted at 42.09 and is stepping into the oversold zone which signals that market could go down further.<\/span><\/p>\n
To date, the 50-day moving average is present at $10.48 while the 200-day moving average is hovering at $12.19 signaling that the market is having a marked decline.<\/span><\/p>\n
$\"\"$ <\/p>\n
Chart from TradingView.com<\/a><\/pre>\n
Chainlink MACD Line Hints At Further Retreat<\/b><\/h2>\n
The 4-hour price analysis is showing a bearish flag pattern signaling that the market is deflating further.<\/span><\/p>\n
The LINK\/USD pair is seen trading from $8.54 to $9.26, facing key resistance at $9.26 as seen in the past few hours.<\/span><\/p>\n
The MACD line hovers above the signal line which indicates that the market could plunge further. Current RSI is below the 50 range which signifies a bearish trend. <\/span><\/p>\n
More so, the 50-day and 200-day moving average are both falling flat and going under the current market price hinting that the market is suffering a massive downshift.<\/span><\/p>\n
Chainlink price is showing an overall bearish momentum in the short term but would most likely nosedive with the key resistance stick at $9.26. <\/span><\/p>\n
The market may expect some upward trend if the bulls can break past the key resistance level.<\/span><\/p>\n
Related Reading: SHIB On Fire \u2013 And A Bull Run Could Be Around The Corner \u2013 Here\u2019s Why<\/a><\/div>\n
<\/p>\n
LINK total market cap at $3.8 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Medium, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. Chainlink price outlines bearish strides LINK\/USD pair key support spotted at $8.54 Pair resistance seen at $9.26 The LINK\/USD pair price slips on a downtrend as seen overnight which has been predictable overall. More so, the market also suffers a loss of 4.80% as seen in the past 24 hours and currently faces key resistance at $9.26. For now, LINK price appears to be extremely bearish with key support seen at $8.54. Related Reading: Decentraland Momentum Pushes MANA Into Consolidation Phase\u2019s Higher Rung LINK Price Sheds 1.83% The daily chart reveals that the LINK\/USD pair has suffered a massive decline as seen in the past 24hours. The plunge of LINK has been consistent with its bearish stance. According to CoinMarketCap, LINK price has been down by 1.83% or trading at $8.51 as of this writing. It seems to have fallen from its support line of $8.54. The current trading volume is down by 24.51% or at $363,041,655 with the market cap at $4 billion. Apparently, LINK price has been circling the $8 mark as seen since Sunday. Judging by the daily price chart, the LINK\/USD pair is seen to be immensely bearish for the past few hours with the MACD lingering in the bearish zone. RSI for LINK is spotted at 42.09 and is stepping into the oversold zone which signals that market could go down further. To date, the 50-day moving average is present at $10.48 while the 200-day moving average is hovering at $12.19 signaling that the market is having a marked decline. Chart from TradingView.com Chainlink MACD Line Hints At Further Retreat The 4-hour price analysis is showing a bearish flag pattern signaling that the market is deflating further. The LINK\/USD pair is seen trading from $8.54 to $9.26, facing key resistance at $9.26 as seen in the past few hours. The MACD line hovers above the signal line which indicates that the market could plunge further. Current RSI is below the 50 range which signifies a bearish trend. More so, the 50-day and 200-day moving average are both falling flat and going under the current market price hinting that the market is suffering a massive downshift. Chainlink price is showing an overall bearish momentum in the short term but would most likely nosedive with the key resistance stick at $9.26. The market may expect some upward trend if the bulls can break past the key resistance level. Related Reading: SHIB On Fire \u2013 And A Bull Run Could Be Around The Corner \u2013 Here\u2019s Why LINK total market cap at $3.8 billion on the daily chart | Source: TradingView.com Featured image from Medium, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":499042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381,3,83367],"tags":[1144,16295,65296,8686,16097,82825,75940],"class_list":["post-499040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","category-news","category-link","tag-btcusd","tag-chainlink","tag-ethbtc","tag-ethusd","tag-link","tag-link-price","tag-linkusd"],"acf":[],"yoast_head":"\nChainlink In Bearish Mood As LINK Price Retreats To $8.63<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) price is showing a bearish momentum as the market appears to be showing signs of fatigue. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chainlink In Bearish Mood As LINK Price Retreats To $8.63","url":"http:\/\/wncen.com\/news\/chainlink-link-price-retreats-to-8-63\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/chainlink-link-price-retreats-to-8-63\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Chainlink.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Chainlink.png?fit=693%2C364"},"articleSection":"Chainlink","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","chainlink","ethbtc","ethusd","link","link price","linkusd"],"dateCreated":"2022-08-17T15:40:46Z","datePublished":"2022-08-17T15:40:46Z","dateModified":"2024-06-11T14:22:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chainlink In Bearish Mood As LINK Price Retreats To $8.63\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink-link-price-retreats-to-8-63\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/chainlink-link-price-retreats-to-8-63\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Chainlink.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Chainlink.png?fit=693%2C364\"},\"articleSection\":\"Chainlink\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"chainlink\",\"ethbtc\",\"ethusd\",\"link\",\"link price\",\"linkusd\"],\"dateCreated\":\"2022-08-17T15:40:46Z\",\"datePublished\":\"2022-08-17T15:40:46Z\",\"dateModified\":\"2024-06-11T14:22:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Chainlink.png?fit=693%2C364","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/499040"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=499040"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/499040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/499042"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=499040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=499040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=499040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}