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.
Chainlink (LINK) price falls to its low at $5.77. The price broke below the moving average lines, accelerating the decline. In an overbought part of the market, the altcoin's price is now falling.
Chainlink (LINK) price is falling but correcting upwards. While approaching the 50-day line SMA, the cryptocurrency price has risen above the 21-day line SMA.
Chainlink (LINK) is in a downtrend due to its recent collapse on November 9. The altcoin fell to a low of $5.77, but the bulls bought the dips. The cryptocurrency corrected upward to a high of $7.50 on November 10.
The price of Chainlink (LINK) is in an upward correction after crossing the 21-day line SMA. The cryptocurrency is moving above the 21-day line but below the 50-day moving average.