Chainlink (LINK) price has risen above the $5.77 support level, but was not able to surpass the 21-day line SMA. There is a risk that the altcoin will fall if it tries to break above the 21-day line SMA.
The price of Chainlink (LINK) is falling and has dropped below its moving average lines. The cryptocurrency asset has returned to its current support level of $5.77.
Chainlink (LINK) price falls to its low at $5.77. The price broke below the moving average lines, accelerating the decline. In an overbought part of the market, the altcoin's price is now falling.
Chainlink (LINK) price is falling but correcting upwards. While approaching the 50-day line SMA, the cryptocurrency price has risen above the 21-day line SMA.
Chainlink (LINK) is in a downtrend due to its recent collapse on November 9. The altcoin fell to a low of $5.77, but the bulls bought the dips. The cryptocurrency corrected upward to a high of $7.50 on November 10.