LINK has concluded the first week of July with a bearish outcome after previously achieving a substantial upside from its lowest level...
LINK has established an ascending support pattern for its lower range, which means it has some room for the bears before the next support retest.concluded the first week of October with a bearish outcome, after previously achieving a substantial rise from its lowest level in September. The pullback could be the start of a broader pullback that may prevail for the next few weeks, and here’s why.
LINK exchanged hands at $7.67 at the time of writing. But can it sustain the sell pressure that we recently observed in the market? Well, there are signs that it could be headed for more downside. We also observed a consistent dip in investor sentiment during the same period, indicating a loss of confidence among traders.is better suited to revealing the next potential impact. According to the supply distribution metrics, some whales have been buying LINK in the last four weeks, and recently reached a monthly high. This included addresses holding between 1,000 – 10 million LINK.
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