Whales Help Halt Chainlink’s Recent Downward Trend As They Buy Up Tokens.

  • Chainlink could be on the brink of another rejection from the 50-day moving average.
  • While the 10 USD level appears to be working as strong support, breaching through it may prompt fall towards 8 USD.
  • In spite of the high likelihood of a correction, on-chain data indicates that the buying pressure supporting the cryptocurrency is rallying.

Major Resistance on the horizon for Chainlink.

LINK/USD Daily Chart.

Whales Buy Up Cheap Tokens.

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