What Lies Ahead In LINK's Daily Chart?
The Chainlink (LINK) overall trend is a bearish trend, as the prices are below the 50-day and 200-day EMA bands. There is mixed logic that has created uncertainty for its future price movement.
However, the price is above the demand zone and shows a bullish presence on it. Likewise, the MACD has formed a bullish cross while the RSI has also pierced 14-SMA from below.
Therefore, $12, and $14 are the major interruptions for a sustained confirmation to go green. On the contrary, if the major trend continues, then the supports bears could eye would be present at $8 and $6.
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