ChainLink price analysis: LINK decreases the value by 1% after bears step in

ChainLink price analysis for September 18, 2022, reveals the market following a partial bearish movement, obtaining massive negative momentum, signifying a decline for the LINK market. The price of ChainLink has remained negative over the past few hours.

Timeline of Chainlink

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject Chainlink [LINK] was on a bad downtrend until two weeks ago. However, the bullishness of the wider crypto-market had a significant impact on LINK's price charts.

Chainlink's [LINK] mission to continue as the crypto-ecosystem standard oracle network was met with another development recently. According to its official Twitter page, it was able to integrate four applications on its expanding network over the course of the week.

Chainlink [LINK] has been building on its network in anticipation of a strong price surge for some time now. Recently, the network has announced the testing of DECO which is a protocol that aims to enable under collateralized lending.

ChainLink price analysis for September 17, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

Cryptocurrencies are now widely seen as a terrific opportunity to make a lot of money and solve the problem of sluggish transactions worldwide. Many investors, especially institutional clients, put some of their money into cryptocurrencies. One significant advantage of using some cryptocurrencies in your portfolio is that they can assist you in resisting inflation.

After showing so much strength as the price rallied to $52, cracking up an all-time high, the price of Chainlink (LINK) saw a decline to its present value of $7 against tether (USDT). Despite the uncertainties about where the market would be headed, only a few have shown strength as Chainlink (LINK) remains in the spotlight.

Chainlink price analysis shows that the LINK/USD pair is currently trading at $7.72 after a slight retreat from the daily high of $7.75. The major digital asset has been on an upward trend since yesterday's intraday low of $6.85.

The latest Chainlink price analysis suggests a 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 then, and the recent progress is also in favor of the bears.

Chainlink price analysis shows indicates that the LINK/USD pair is currently in a bullish trend. The pair has been trading above the $7.00 level for the past few days and it looks like the bulls are in control.

The daily technical chart shows the Chainlink price has followed a range-bound rally for the past four weeks. Several times, the coin price has retested both the upper($9.54) and lower($6.2-$5.8) barriers, validating them as areas of high interest.