Chainlink (LINK), which had an effective performance in the bullish process of Bitcoin (BTC), moved again and resisted the resistance area.
LINK, which has made a name for itself in BTC’s $ 31,800 journey, seems to have gained momentum again. The popular coin, which saw a buyer reaction from a region close to the support, reached $ 7.42. The fact that its area is a decision-making resistance is intensifying the buyer-seller war. How about the chart for LINK, which is also approaching a positive technical structure?
Chainlink (LINK) technical analysis
Pricing in the rising channel structure from $ 5, LINK could not maintain this momentum with the depreciation of BTC. The major coin, which hung at $ 6.90, started to rise with a reaction from a point close to the support. Currently trading at $7.39, LINK may set out to $7,811 – 8,376 – 8,798 and 9,271 respectively, as long as it can surpass the area in front of it.
In the scenario where the rising channel structure is rejected or BTC stays below $ 28,900, sellers can dominate in LINK. The regions that can be followed as support in this scenario are $6,712 – 6.459 – $6.018 and $5.40, respectively. The deciding region in the price structure will be $7,428 and $6,018.
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