Chainlink

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.

Chainlink (LINK) fell to a low of $5.42 on December 30. Bearish momentum fell below the prior low of $5.77 as bulls bought the dips.

The price of Chainlink (LINK) is falling and has dropped below its moving average lines. The cryptocurrency asset has returned to its current support level of $5.77.