Chainlink Price Prediction: Long-term (LINK) Value Forecast – July 20
- On June 29, the bulls tested the $4.000 overhead resistance level and were resisted.
- On July 17, the downward trend was corrected at its low at the $2.08 price level.
LINK/USD Long-term Trend: Ranging
Resistance levels: $2.8000, $3.0000, $3.2000
Support levels: $2.4000, $2.2000, $2.0000
The LINK/USD pair was in the sideways trend zone. On June 29, the bulls tested the $4.000 overhead resistance level and were resisted. The price of LINK had since been on a downward correction. On July 17, the downward trend was corrected at its low of the $2.08 price level. The $2.08 support level was holding as the bulls broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone. However, the bulls were resited at the $2.8000 price level and the coin fell to a range bound move below and above EMAs.
The 12-day EMA and the 26-day EMA are trending horizontally and are flattened indicating that price is in a sideways trend.The stochastic is in the oversold region but below the 4 0% range which indicates that the price of Chainlink is in a bearish momentum and a sell signal.
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