Bear Market Bites: Chainlink Loses 10%, Further Downturn To $6.80 Feared
Summary
Cryptocurrency market, including Bitcoin and Chainlink, is experiencing a downturn. Chainlink's "Head and Shoulders" pattern suggests a potential 45% drop to $6.80 if it falls below $12.70. Bearish sentiment prevails, with Fear and Greed Index at 26. However, oversold signals from the Relative Strength Index hint at a short-term bounce. Conflicting predictions add uncertainty to LINK's future, with some analysts foreseeing a 52.73% increase to $18.97 by August 5th. The coming weeks will be crucial for Chainlink's trajectory.
