Chainlink price analysis: LINK prepares to resume uptrend as it corrects at $11.23

Chainlink price analysis today shows the prices are starting to oscillate near the $11.23 handle as the bearish market sentiment weakens. The LINK/USD pair had a volatile trading session on Tuesday but managed to find some stability around the $11.23 level.

Timeline of Chainlink

The ChainLink price analysis for April 25, 2022, reveals the market following a bearish movement, obtaining significant negative momentum, signifying a loss of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

The ChainLink price analysis for May 1, 2022, reveals the market following a bearish movement, obtaining significant negative momentum, signifying a loss of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

The price of Chainlink [LINK] has been in a downtrend for quite some time now. Over the last seven days, the #27 ranked cryptocurrency witnessed a 19% correction as per CoinMarketCap.

After coasting within the bounds of a down-channel for nearly a month, Chainlink [LINK] pierced through some critical price ranges in the last few weeks. In the recent bear run, the sellers kept sinking the resting grounds only to find fresher multi-month lows.

The price of Chainlink (LINK) is in a downtrend as the cryptocurrency continues its downward movement. Today, the altcoin has fallen to the low of $11.83 as the bulls are buying the dips.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After hovering within the bounds of the $13-$35 range for over nine months, Chainlink (LINK) ditched its long-term floor amid multiple sell-offs.

The ChainLink price analysis for May 1, 2022, reveals the market following a bearish movement, obtaining significant negative momentum, signifying a loss of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

Chainlink price analysis is bearish Current resistance is present at the $14.5 level Chainlink prices are down by only 0.55 percent Today's Chainlink price analysis shows a bearish trend as bears seem to be exhausted. Prices have found support at $13.35 and we might see a bullish crossover soon.