The prolonged retest phase of the falling wedge pattern indicates a lack of commitment from sellers to continue the prevailing downtrend. The buyers may take advantage of this consolidation to trigger a false pattern breakout. Thus, the expected breakout from the overhead trendline and $8 may open a recovery opportunity for Chainlink(LINK) price. Key points: The post Chainlink Price Analysis: Rising RSI Bolster LINK Price for Pattern Fakeout appeared first on CoinGape.
