Chainlink Faces Potential Correction After Rally Stalls Near 200-Day EMA and Key Resistance
The post Chainlink Faces Potential Correction After Rally Stalls Near 200-Day EMA and Key Resistance appeared on BitcoinEthereumNews.com. Chainlink (LINK) experiences a sharp pullback after a promising rally, signaling potential bearish pressure near critical resistance levels. The cryptocurrency’s failure to surpass the 200-day Exponential Moving Average (EMA) and a descending trendline suggests traders are cautious amid declining volume and active addresses. According to COINOTAG analytics, liquidation data reveals significant short and long position risks, underscoring heightened market volatility around the $14.25 support and $15.77 resistance zones. Chainlink dips 5.25% after hitting resistance near the 200-day EMA; traders face liquidation risks amid declining volume and bearish momentum. ‘, ‘
The post Chainlink Faces Potential Correction After Rally Stalls Near 200-Day EMA and Key Resistance appeared on BitcoinEthereumNews.com.
Chainlink (LINK) experiences a sharp pullback after a promising rally, signaling potential bearish pressure near critical resistance levels. The cryptocurrency’s failure to surpass the 200-day Exponential Moving Average (EMA) and a descending trendline suggests traders are cautious amid declining volume and active addresses. According to COINOTAG analytics, liquidation data reveals significant short and long position risks, underscoring heightened market volatility around the $14.25 support and $15.77 resistance zones. Chainlink dips 5.25% after hitting resistance near the 200-day EMA; traders face liquidation risks amid declining volume and bearish momentum. ‘, ‘
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