The price of Chainlink (LINK) is in a downtrend as the cryptocurrency continues its downward movement. Today, the altcoin has fallen to the low of $11.83 as the bulls are buying the dips.
Chainlink (LINK) price has fallen below the 21-day moving average. The cryptocurrency is trading above the 50-day line SMA but below the 21-day line SMA.
Chainlink (LINK) is in a gentle uptrend. Bulls have broken through resistance at $15 and $17. Buyers are pushing up to break through resistance at $19. Breaking through the $19 resistance is crucial as it would catapult Chainlink to the $28 high.
The price of Chainlink (LINK) has broken out above the moving averages as the altcoin peaked at $16. The cryptocurrency resumes the uptrend after being rejected at the recent high. The altcoin has fallen back above the $15 support and resumed its uptrend.
Chainlink (LINK) is in an upward correction as the price breaks above the moving averages. In the uptrend, the bulls broke the moving average of the blue line, but failed to break the moving average of the red line.
Today, buyers have pushed Chainlink (LINK) above the $13 support and are trying to get above the moving averages. A break above the moving averages will catapult the altcoin above the moving averages.