Coinidol.com: Chainlink Remains in a Tight Range Above $11

Chainlink's (LINK) price has slipped below the moving averages while remaining in a sideways trend.

The price has fallen below the moving averages, although it remains above the $12 support. Price movement has been stagnant, with Doji candlesticks appearing above the lower end of the range.

Resistance Levels – $25 and $27

Support Levels – $10 and $5

Since November 17, price bars have fluctuated both below and above the horizontal moving averages. On the 4-hour chart, the price bars are below the downward-sloping moving averages. The 21-day SMA continues to impede upward movement. The altcoin's bullish trend will resume once the 21-day and 50-day moving averages are breached.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.