Chainlink

Chainlink (LINK) was developed by Sergey Nazarov and Steve Ellis.

The best performing altcoins are listed below. Since the cryptocurrency market reached an overbought resistance level, altcoins have been forced to resume a sideways trend.

After recent rises, the cryptocurrencies listed below are on the retreat. The worst performing altcoin of the previous week in the analysis by Coinidol.com.

The worst-performing altcoins are either declining or trending sideways. Their upward movement is shaky as cryptocurrencies are stuck in a range.

The price of Chainlink (LINK) has reached bullish exhaustion after retesting the $7.50 resistance level.

Chainlink (LINK) is in an uptrend after reaching a high of $7.50 on January 27. The uptrend is currently rejected at the recent high.

The price of Chainlink (LINK) is rising after reaching a high of $7.00 on January 14. Once the altcoin entered the overbought zone, the uptrend was broken. After a retracement above the moving average lines, the price of the cryptocurrency started to rise again.

The price of Chainlink (LINK) is in a bullish trend zone as buyers are holding the price above the moving average lines.

Chainlink (LINK) price has risen above the $5.77 support level, but was not able to surpass the 21-day line SMA. There is a risk that the altcoin will fall if it tries to break above the 21-day line SMA.