Chainlink

The price of Chainlink (LINK) is in a downward correction as the cryptocurrency holds above the previous low at $13.

Chainlink (LINK) remains in a downward correction as the price breaks below the moving averages.

Chainlink (LINK) resumed its downward correction after bulls failed to keep it above the $19 high. On February 7, the bulls broke through resistance at $18 including the 21-day moving average line.

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The price of Chainlink (LINK) has resumed its sideways trend as buyers emerge in the oversold region. On January 24, the downtrend eased as the altcoin fell to a low of $13.47.

Chainlink (LINK) returns to oversold territory as the price reaches the low of $13.47. Today, Chainlink has risen back above current support and reached the high of $16.30.

Chainlink (LINK) has fallen below the moving averages after being rejected from the high of $28. Today, the cryptocurrency has fallen to the low of $15. The $15 price level is the previous low of the December 4 price drop.

The price of Chainlink (LINK) is in the zone of uptrend after the price rose above the moving averages.

It has been difficult to identify the best performing altcoins. This is because cryptocurrency markets are under heavy selling pressure. Cryptocurrency markets are experiencing various degrees of correction.