LINK price plummets! Downward trend confirmed, beware of breakdown signals!
Chainlink (LINK) is on a complete decline! Failed to break through, has fallen below the critical support level of $20.00, exposing downward risks! As the price fails to maintain between $19.50 and $20.00, market sentiment has taken a sharp downturn.
Gator indicator suggests intensified bearish momentum
The gap in the moving averages continues to widen, indicating that the downward trend is becoming more pronounced. The blue line (jaw) is hovering above, directly suppressing the red line (teeth) and green line (lips), which further confirms the strength of the downward trend.
MFI overbought area, beware of significant downside potential
The Money Flow Index (MFI) has soared to 73.09, entering the overbought zone. Traders should be highly vigilant of possible downside potential in the price, and hopes for a market rebound are slim!