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Chainlink’s strong uptrend must pull through this level to avoid dire outcomes
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Chainlink has grown from strength to strength since after trading within an up-channel since the last several weeks. The price had established a leg above the 50% Fibonacci level, weak resistance areas could see LINK close the gap to its May ATH at a relatively faster rate.
However, some warnings signs cropped up on the RSI and Awesome Oscillator as LINK was dangerously close to its value high zone. If LINK is unable to push above the 61.8% Fibonacci level, a breakdown could transpire over the coming days. At the time of writing, LINK traded at $33.5, up by 0.4% over the last 24 hours.
Source: LINK/USD, TradingView
Currently trading at an 85% premium when compared to its late-September low, Chainlink’s uptrend has been consistent and
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