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Chainlink Price Consolidates Under Crucial Resistance Mark, Bears Looming

Chainlink has been attempting to reverse its recent losses, but is currently trading under a crucial resistance mark. The altcoin has only appreciated by 0.4% in the last 24 hours, indicating consolidation. The technical outlook for Chainlink is bearish, with low buying strength and accumulation. If Bitcoin does not stabilize above $27,500, sellers may pull Chainlink down further. The altcoin is currently priced at $6.60 and needs to break above $6.80 to avoid bearish dominance.

Chainlink Chainlink $18.49
+3.39%
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