Chainlink Price Analysis: LINK Down 12% in 7 Days as Bears Poke Their Head

Over the past fortnight, LINK surged higher from the $12 support to push into the resistance at the upper boundary of a 2-month-old rising price channel. However, the Stochastic RSI is primed for a bullish crossover signal that could send the market upward.

Against Bitcoin, LINK dropped from resistance at 86,800 SAT earlier last week and fell into the support at 70,333 SAT yesterday. On the other side, the first level of resistance lies at 74,200 SAT.

Timeline of Bitcoin, Chainlink