Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Key indicators point to further losses to $12.
EXCHANGE NEWS

Key indicators point to further losses to $12.

By Crypto FlexsAugust 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Key indicators point to further losses to .
Share
Facebook Twitter LinkedIn Pinterest Email

Chain link (LINK) is one of the major players in decentralized finance and is currently experiencing increasing bearish pressure in the market. LINK’s bearish momentum It continues to build, and key technical indicators are signaling further losses towards the critical $12 support level for the cryptocurrency. With this current price action, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment.

In this article, we provide an in-depth analysis by assessing the current market sentiment for Chainlink, examining key technical indicators, identifying important support levels, and determining their impact on LINK’s price stability.

At the time of writing, the market cap was over $7.7 billion and the trading volume was over $243 million. LINK was down 3.75%, trading at around $12.82. In the last 24 hours, the asset’s market cap and trading volume decreased by 3.72 and 1.67, respectively.

Current Market Sentiment Rating Centered on Chainlink

Considering the price action of the asset, the current market sentiment surrounding LINK still appears to be negative. The price is currently trading actively below the 100-day simple moving average (SMA) and is heading towards $12 on the 4-hour chart. This means Bear-like The trend could continue. With more selling pressure, this position indicates that Chainlink is likely to go lower as long as it remains below the SMA.

Source: LINKUSDT on Tradingview.com

The 4-hour RSI signal line has successfully broken below 50% and entered the overheated selling zone, indicating that selling pressure is building and the asset is likely to fall further to the $12.44 level.

The market sentiment for LINK on the 1-day chart is also negative, with the price trading below the 100-day SMA. LINK is in a bearish trend after forming two bearish candlesticks and moving to the $12.44 support level. If the price breaks below this key level, it could signal additional bearish momentum and drive the price to other support levels.

Chain link
Source: LINKUSDT on Tradingview.com

Finally, the 1-day RSI also fell below 50%, which further supports the possibility of further price declines. This decline suggests: downward pressure It is rising because sellers are still active and influential in the market. The fact that sellers are still active means that LINK is likely to continue to decline.

Identify important support and resistance levels

Chainlink is currently on a bearish path, heading towards the $12.44 support level. If the price breaks the $12.44 support level and closes below it, it could continue its bearish move towards the next support area of ​​$11.10 and lower.

However, if the digital asset hits resistance at $12.44 and fails, break Below, a potential uptrend could occur, reaching the $15.25 resistance level. If the price rises above this level, it will be benefit It could occur by targeting the resistance level above $17.96.

Chain link
LINK is trading at $12.97 on the 1D chart | Source: LINKUSDT on Tradingview.com

Featured image from YouTube, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

NVIDIA unveils CUDA-QX library to advance quantum supercomputing

November 19, 2024

Bitcoin Core-Error RPC Request: Essential Script Verification-Flag-Send (Incorrect SCHNORR Signature)

April 14, 2025

Crypto Games of the Week: Sui Handheld Launches Saga, Notcoin Airdrop Is Coming on April 20th

April 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.