LINK is currently trading at $8.80 after a notable rebound from the low at $7.31 ChainLink is down 56% since its peak at $20. ChainLink has established a robust daily downtrend with bulls unable to come back. The digital asset is still up almost 500% since its 2020-low at $1.51. LINK/USD daily chart LINK price has been rejected from the 12-EMA several times now. The most recent bounce happened at $7.31, a level close to the crucial support level of $7. LINK is trading at $8.8 after a slight rejection from $9. LINK IOMAP Chart Looking at the In/Out of the Money Around Price chart by IntoTheBlock, we can observe that a large number of investors bought at $10, which creates a healthy resistance level. At the same time, many investors also got in at $8.8, $8.6, and $8. The area at $8 and above represents a strong support level. Bulls are eying up $10 as the next resistance level, which coincides with the 12-EMA at $9.8 currently. The MACD remains bearish but could turn bullish within the next few days if the momentum continues favoring buyers. LINK/USD 4-hour chart On the 4-hour chart, LINK price managed to climb above the 12-EMA and could turn it into support in the short-term. The MACD flipped bullishly, and the trend is slowly shifting in favor of the bulls. However, a bearish breakout below $8 would be devastating as there aren’t many support levels below it. If $8 cracks, LINK will re-test the low of $7.31. On the other hand, if bullish momentum continues, we could see LINK re-test $10 as the next most crucial resistance level. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin is allergic to the US presidential elections and immune to the COVID-19 vaccine FX Street 2 years LINK is currently trading at $8.80 after a notable rebound from the low at $7.31 ChainLink is down 56% since its peak at $20. ChainLink has established a robust daily downtrend with bulls unable to come back. The digital asset is still up almost 500% since its 2020-low at $1.51. LINK/USD daily chart LINK price has been rejected from the 12-EMA several times now. The most recent bounce happened at $7.31, a level close to the crucial support level of $7. LINK is trading at $8.8 after a slight rejection from $9. LINK IOMAP Chart Looking at the In/Out of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.