Home / Featured / LINK Drops Back Below $0.30 as Bulls Scramble to Defend the Area; Strong Support at $0.2643

LINK Drops Back Below $0.30 as Bulls Scramble to Defend the Area; Strong Support at $0.2643

  • The November 2018 market wipeout has seen LINK/USD drop into support provided by the .786 Fibonacci Retracement level priced at $0.2643.
  • The upside is limited until LINK can break back above the $0.40 handle.
  • Support moving forward: $0.2818, $0.2643, $0.25, $0.2165, $0.20, $0.1637.
  • Resistance moving forward: $0.3446, $0.40, $0.4219, $0.45, $0.4936, $0.60, $0.5338, $0.5772, $0.60.

ChainLink has seen a marginal price decline totaling 4.87% over the past 24 hours of trading. The cryptocurrency is now exchanging hands at a price of $0.2972, at the time of writing, after undergoing a relatively quiet 7-day trading period where price action rose a slight 0.69%.

The ChainLink project is now ranked in 49th position in terms of market cap value as it retains a total market cap of $103 million.

The LINK/USD market, like the rest of the industry, has seen an unstable November 2018 as price action plummeted by over 42%. However, LINK holders may find some promise in the fact that price…


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