LINK's impressive performance in Q3 hangs in the balance after hitting 2023 price ceiling and supply zone.
had breached its range formation and dropped below the key range-low of $29.5k, weakening the king coin’s structure. The weak BTC could further frustrate LINK bulls from bypassing this 2023’s supply zone.The $8.1 -$8.8 supply zone has been a crucial price ceiling in 2023. LINK faced intense selling pressure during previous retests of the supply zone in mid-February and mid-April. The retest in mid-April saw LINK shed over 40%, only to steady at $5.
The immediate support of $7.3 could only hold a second pullback if BTC doesn’t drop below $29.0k. In such a case, LINK bulls could attempt to invalidate the price ceiling and target the next resistance at $9.5. Notably, the $9.5 is another price ceiling for the second half 2022.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chainlink: Why whales cannot save LINK from bearsLINK’s whale accumulation reached new highs over the last few days. However, market indicators are favoring the bears.
Read more »
2023-24 NHL Prospect Pool Breakdown: Dallas Stars2023-24 NHL Prospect Pool Breakdown: DALLAS STARS 🏒 Team Grade 🏒 Strengths 🏒 Weaknesses 🏒 Top 10 prospects And more from SEllisHockey: TexasHockey
Read more »
Cariboo court docket: July 20-26, 2023Sentences for offences committed in Quesnel, Williams Lake, 100 Mile House and areas
Read more »
Cinéfest 2023 returning to fully in-person formatSudbury film fest plans to ‘Bring Emotion to Life’
Read more »
TBT NEWSHOUR: July 27, 2023: City eyes federal housing fundTBT News for July 27, 2023: City eyes federal housing fund
Read more »
Letters, July 28, 2023: 'Green duo driving Canada off fiscal cliff'Calgary Sun Letters to the Editor, July 28, 2023: \u0027Green duo of Justin Trudeau and Steven Guilbeault are driving Canada off a fiscal cliff\u0027
Read more »