{"id":607882,"date":"2024-05-14T06:58:30","date_gmt":"2024-05-14T06:58:30","guid":{"rendered":"https:\/\/wncen.com\/?p=607882"},"modified":"2024-06-11T07:19:40","modified_gmt":"2024-06-11T07:19:40","slug":"chainlinks-link-outlook-bleak-13-80","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink\/chainlinks-link-outlook-bleak-13-80\/","title":{"rendered":"Chainlink’s (LINK) Outlook Grows Bleak: Signals of Bearish Continuation Surface"},"content":{"rendered":"
Chainlink\u2019s LINK price is struggling to surpass the $13.80 resistance. The price could continue to move down if it breaks the $13.00 support.<\/em><\/p>\n
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Chainlink price is showing bearish signs below the $14.00 resistance against the US dollar.<\/li>\n
The price is trading below the $13.60 level and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK\/USD pair (data source from Kraken).<\/li>\n
The price could start a decent increase if it clears the $13.80 resistance zone.<\/li>\n<\/ul>\n
Chainlink (LINK) Price Turns Red<\/h2>\n
In the past few days, Chainlink saw a steady decline from well above the $13.80 level. LINK price declined below the $13.50 support level to enter a short-term bearish zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n