Home ChainLink Price Analysis: LINK/USD falls below $7.50-level
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ChainLink Price Analysis: LINK/USD falls below $7.50-level

FX Street
Published date:
  • LINK/USD bears dominated this Monday.
  • Bearish price action forced the RSI to drop below the overbought zone.
  • MACD is looking to reverse market momentum from bullish to bearish.

LINK/USD daily chart

LINK/USD daily chart

LINK/USD crashed from $8.065 to $7.487 as the bears dominated this Monday. The price has dropped below the upward trending line and the RSI has fallen from the overbought zone. The MACD line is about to cross over the signal line, indicating that the market momentum is going to reverse from bullish to bearish.

Support and Resistance

LINK/USD has strong resistance levels at $8.06 and $8.625. On the downside, we have good support at $7.40 and $6.45.
 

FX Street

FX Street

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