After the loss of the global trend line from January 2021, buyers got quite dejected in the LINK market. The confident fall wave from November 2021 does not give any hope for a change in the trend so far. Source: https://www.tradingview.com/x/6FWEQQGv/ LINK trading volumes during the fall were lower than during the active price growth in 2020-2021. Completion of the global LINK cryptocurrency correction can be in the range of $4. It was in this range that sellers restrained buyers’ pressure during the year. It was back in 2019. We believe that this range can stop the strong trend of buyers and complete the global correction of the LINK market. So if you’re looking for a place to buy LINK for long-term investment – the $4 range is a great choice. The main question – how exactly will the LINK price get to this range? Looking at the dynamics of the LINK fall in recent weeks, there is a high probability of a fall with deep price rebounds. For example, now buyers may well realize a price rebound of up to $8.7 in a few weeks. The final target of such a rebound is $14.6. Above this mark, we do not expect the LINK price. LINK Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/PmIu2X46/ Analyzing the movement of the LINK price on the daily timeframe, you can see the struggle of market participants for the local range of $6. Since 12 May, sellers have made 3 attempts to take control of this mark. The last at...
