Chainlink (LINK), which has made a sharp rise in the past days, has been included in the rising channel structure.
LINK, which has managed to attract attention with its technical structure since June 20, recently broke this structure by making a sharp rise. However, after BTC tested the support level, LINK, which was included in this channel structure, started to sound danger signals. How is the chart progressing for the major coin, which has also lost the minor support level?
Chainlink (LINK) chart evaluation
Apart from a few omissions, LINK, which has been pricing in the rising channel since June 20, had a sharp rise by breaking this structure in the past days. The $8.27 level, which is a critical resistance on the wide time frame, became the selling zone for LINK. The popular coin, which started to withdraw from this value, is currently trading at $ 7.73.
In order for LINK investors to continue their bullish expectations, the resistances that must be overcome are $ 7.81 and $ 8.27. With the breakout of these levels, the possibility of a rise to $8.79 and $9.27 gets stronger. However, negative pricing of BTC or disruption of LINK’s technical structure may increase sell-side transactions. In such a case, the points that can be watched as support are 6.84 – 6.70 – 6.45 – 6.01 and 5.29 dollars, respectively.
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