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The Boring Prediction: Chainlink Will Crash At These Brutal Levels!

Strong altcoin Chainlink is trending bearish despite technical strength from the recent recovery.

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The Boring Prediction: Chainlink Will Crash At These Brutal Levels!

Strong altcoin Chainlink is trending bearish despite technical strength from the recent recovery. With the cryptocurrency unable to stay above $ 10, analysts are clearly showing a decline in altcoin. It seems that the “v-shaped recovery” the altcoin has achieved from these lows is not enough to change its short-term outlook. The weakness in Altcoin has emerged as a result of the downward trend in the crypto market.

Bitcoin price, cftc’n the face kaldı.yatırımcı against the increasing selling pressure by opening bitmex investigation Bitcoin and stableco to lower risk assets such as yönelirken this case Altcom of UDIs it had a negative impact. An analyst examining Chainlink’s price action stated that the cryptocurrency could slide to its August low. This prediction means that cryptocurrency may drop significantly in the coming days.

Analyst: Popular altcoin Chainlink could drop to $ 6.85 soon

Chainlink has been trading in a downtrend in recent days. This marks a notable decline from the highs set just before the last sale. The price action of the cryptocurrency has been looking weak since LINK dropped from $ 20. The intensity of this sale was very high and seems to have damaged the fundamentals of the cryptocurrency.

Chainlink
Chainlink

$ 10 has been a very important level for LINK , but the bulls have not been able to hold a strong position above this level so far. Popular analyst TraderSZ has revealed where Chainlink will head for the next step. The analyst suggests that the cryptocurrency will see a decline towards $ 7, the August low. TraderSZ adds the following to its explanations on the subject:

LINK UPDATE: YOU WOULD PROBABLY EXPERIENCE A SPLASH HERE IN ‘JULY PEAK’. AFTER CLEARING THIS LEVEL, I’LL TIGHTEN THE STOPS AND WAIT FOR IT TO TARGET “AUGUST LOWS”…

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