Chainlink price has traded in a tight range the last two weeks. Latest weekly volume is the lowest since June 2020. The 10-week simple moving average (SMA) provides support through consolidation. Chainlink price continues to travel in a sideways pattern after closing with a Doji candlestick two weeks ago and a mere 2.4% gain last week. Price action is reflecting an indecisive market that could be vulnerable to a notable change. Chainlink price rises concerns among bulls A Doji is a single candlestick pattern that resembles a cross because opening and closing prices are the same. It does indicate a market in balance between supply and demand, but it also warns traders that there is some uncertainty and indecisiveness. Two weeks ago, LINK closed with a Doji pattern warning traders that the rebound off the February lows was exhausted and the probability of decline had shifted higher. Traders hate uncertainty, particularly in the context of an uptrend. They showed it last week as the altcoin gained a negligible 2.4%, where the weekly volume was the lowest since the week beginning June 29, 2020. As long as Chainlink price holds, the 10-week SMA traders should be looking for bullish outcomes from the current consolidation. A daily close above the high from two weeks ago at $32.00 will be the first step in restarting the rebound from the February low. The subsequent profit target is the all-time high at $36.92, generating a 28% gain from the current price level. If volume re-enters the market, more generous profit targets are the 1.382 and 1.618 Fibonacci extension levels at $43.00 and $46.76, intersected by the topside trendline running from the 2019 high. LINK/USD weekly chart A move to the downside needs to hold the 10-week SMA at $27.94, or Chainlink price could collapse to the February low at $21.00 in quick fashion. 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 Ontology Price Forecast: ONT breaks out, projecting a 55% upswing FX Street 1 year Chainlink price has traded in a tight range the last two weeks. Latest weekly volume is the lowest since June 2020. The 10-week simple moving average (SMA) provides support through consolidation. Chainlink price continues to travel in a sideways pattern after closing with a Doji candlestick two weeks ago and a mere 2.4% gain last week. Price action is reflecting an indecisive market that could be vulnerable to a notable change. Chainlink price rises concerns among bulls A Doji is a single candlestick pattern that resembles a cross because opening and closing prices are the same. It does indicate a… 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.