Chainlink (LINK) faces technical pressure near USD 10.98 support
BROBROK News · Based on reporting by DiarioBitcoin ·
LINK is trading at USD 11.33 and remains below several moving averages, while the MACD is still bearish and RSI sits at 40.2. Daily volume is also below its 30-day average, with the nearest technical support listed at USD 10.98.
Key points
- LINK fell 2.25% to USD 11.33
- Price is below the 7-, 15-, 30- and 50-day SMAs
- MACD remains bearish and RSI is 40.2
- Daily volume was 7.80% below the 30-day average
- Nearest reference support: USD 10.98
Why it matters
The mix of price action, moving averages and volume points to short-term weakness, even though the longer-term trend has not been fully broken. For crypto investors, the key question is whether LINK can hold the cited support and recover the shorter-term averages.
Original headline: “Chainlink (LINK) el 2 de noviembre: presión técnica y referencias de soporte”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.