Chainlink’s Recovery: Support Levels Hold as Traders Remain Optimistic
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Contributor
- LINK has created a bullish double bottom pattern within a demand zone, as noted in the IOMAP data.
- Furthermore, analysis of trader activities indicates an increase in large transactions alongside a decline in NetFlow.
Despite the current bearish momentum with a 9.13% drop over the last 24 hours, ongoing market caution coupled with intensified trading activity could position Chainlink [LINK] for a potential price upswing.
AskFX has examined LINK’s possible upward trajectory in the next trading session and underscored pivotal levels to monitor.
