The encryption market is not familiar with turbulence, and the chainlink (link) is currently caught in the storm. As the weak strength strengthens the grip, the price is close to testing the important $ 12.5 support level A threshold. Some elements, such as equipped with sales pressure, threaten to derive the recovery prospects.
The recent stagnation of the link occurs after the integration period, and the assets have struggled to obtain upward momentum. The steak has never increased even higher as the price has fallen and $ 12.5 support. For investors, this level indicates an important battlefield that can serve as a foothold for rebounds or additional losses.
Market pressure mount: Can the link avoid failure?
Chainlink’s price behavior tells the story. After the integration period, the link is divided into disadvantages in the range, indicating a change in market sentiment. Tokens are now emerging near the level of $ 12.5, an important area that has historically served as a range of recovery. However, the current failure suggests that this level may not be maintained, especially when facing constant sales pressure.
One of the main concerns is the weakening of the market structure because the link continues to be traded below the main movement average, especially the 100 -day simplicity (SMA). This represents the power of increasing weakness, making it more difficult for the bull to start a meaningful recovery.
It also indicates that the volume of transactions increases significantly during the price drop, and the sales pressure is intensifying. In particular, the book surged more than 200%, exceeding $ 1 billion in total cryptocurrency trading activities. This rapid volume increase during the recession strengthens the weak momentum by emphasizing the seller’s dominance in the market.
Finally, the appearance of market rescue and the emergence of order block indicators means an important change in trend mechanics. In other words, the market structure has been weakened to an optimistic stage. Rest of the market structure often shows weakening of buyer control, so the seller can take advantage of it.
Definition moment of chain link
Chainlink is found itself at a defined moment, and the level of support of $ 12.5 serves as the last defense of deeper modifications. The weak signal is difficult to ignore, but the powerful basics and elasticity of the tokens provide the faint of hope. Whether the link can avoid failure depends on the ability to maintain this core level and can raise your interest in new purchases with market pressure.
If the support of $ 12.5 is not maintained, ALTCOIN can be vulnerable to further reduction, which can lead to deeper modifications for other support levels such as $ 11.1. However, when the Bulls comes in to defend the level of this level, the possibility of rebound increases, providing tokens with the opportunity to regain the lost land.