Chainlink: W-Shape Recovery Eyed on Support Hold
Chainlink at $8.18 eyes W-shape recovery if 3-month support holds as 4h chart shows bearish EMA50 at $8.94 and MACD death cross.
SourceAnalysis
Chainlink price action on the 3-month timeframe points to a potential W-shape recovery provided the support zone holds, per trader @RhythmicAnalyst.
LINK technical analysis on the 4h chart reveals price at $8.18 trading below EMA50 resistance at $8.94 and EMA200 at $9.34 while MACD at -0.22 locks in the death cross; RSI at 30.1 sits neutral inside the Bollinger band with lower support at $8.07, setting up a likely test of that floor before any sustained bounce in broader crypto market trends or Chainlink price prediction scenarios.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.
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