ChainLink Price Analysis: LINK/USD bears take price back inside the Bollinger Band
|- LINK/USD bears stepped in after two bullish days.
- The RSI indicator is still trending inside the overbought zone, hinting at more price correction.
LINK/USD daily chart
LINK/USD went down from $8.675 to $8.43 this Thursday. The price is now trending inside the 20-day Bollinger Band. The RSI indicator is still trending inside the overbought zone at 78.78, hinting at more price correction. The MACD shows increasing bullish momentum while the price in trending in an upwards channel formation.
Support and Resistance
LINK/USD has resistance at $8.675. On the downside, healthy support exists at $7.37, $6.50, $5.90 (SMA 20) and $4.92 (SMA 50).
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