Assessing why LINK investors are in a limbo despite its wedge pattern breakout

The weekly performance of the crypto-market has been quite interesting over the last few days as the bulls kicked up some dust. Chainlink LINK was one of the cryptocurrencies that enjoyed a substantial uptick as it pushed deeper into the narrow range.

Timeline of Chainlink

The latest Chainlink price analysis suggests bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following since 25 June 2022, and the recent progress is also in favor of bears.

ChainLink price analysis for June 26, 2022, reveals the market following a bullish movement, obtaining some positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

The price of Chainlink (LINK) is in a downward correction, while the altcoin continues its sideways movement. Currently, the upward movement is limited by the 21-day line SMA. Today, the bulls failed to break the 21-day line SMA while the altcoin continues its downward trend.

A token that has recently been making up for lost ground in the crypto market is Chainlink [LINK]. New developments on the network are already showing positive reinforcements on the native LINK's prices.

Chainlink price analysis shows that LINK prices are still bearish after a long period of sideways trading.LINK's current trading price is $7.10 after a decline of $7.10 in the last 24 hours. A descending triangle has formed and prices have not been able to break out past the resistance at $7.5.The support at $6.5 is.

Chainlink price analysis suggests an upwards movement to $18.00 The closest support level lies at $16.92 LINK faces resistance at the $17.32 mark The Chainlink price analysis shows that LINK has struggled to break above the $7.00 mark in the past few days as the bullish momentum fades. Today, the price has broken.

Chainlink price analysis reveals that the LINK/USD pair is trading in a sideways trend. The bulls have not been able to push the price above the $7 resistance, and the bears have not been able to push it below the $6.5 support.

Chainlink price analysis indicates that the bulls have been trying to challenge the $8.0 resistance without success for the last 24 hours. Chainlink's current trading price is $7.36 after opening the daily chart trading at $6.99.The bulls were successful in pushing the prices above the $7.0 level and were also able to attain a high.

A cursory look at data from CoinMarketCap revealed that Chainlink's native coin, LINK posted significant gains in the last 24 hours. Trading hands at $7.35 per LINK coin, the coin marked a 15% uptick in price.

To some, Chainlink's network has one advantage that no other blockchain in the crypto-space has — Vitality. When compared to other blockchains, Chainlink will always remain relevant.