Chainlink price analysis: LINK/USD value returns to $8.93 under bearish pressure

Chainlink price analysis shows that the market is currently in a bearish state as the price has slipped below the $9.16 level and is currently trading at around $8.93. The market has been in a downtrend for the past 24 hours and it seems like the bearish momentum is still present in the market.

Timeline of Chainlink

LINK was up almost 60% from its lowest point in July and roughly 27% in the last days on 10 August. However, at the time of writing, it was fast approaching an important resistance level that might disrupt LINK's latest upside.

Chainlink price analysis shows indicates that the LINK/USD pair is currently in a bullish trend. The pair has been trading above the $9.00 level for the past few days and it looks like the bulls are in control.

ChainLink price analysis for August 10, 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 positive over the past few hours.

ChainLink price analysis for August 8, 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 positive over the past few hours.

The latest Chainlink price analysis shows a massive bullish trend after the bulls reclaimed above the $7.00 level. Resistance for the coin is present at $7.76, However, a break above this level is expected to push the coin towards the $8 levels and $8.50 levels in the near term.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chainlink's [LINK] previous descending triangle setup rekindled the selling edge as the alt fell below its 4-hour EMA ribbons.

ChainLink price analysis for August 1, 2022, reveals the market following a partial bearish 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.

With growing global concern around the climate emergency and unsustainable agricultural practices, many countries, enterprises, and startups are “collaborating to build sustainable solutions that tackle the harmful effects of climate change,” according to an update from Chainlink.

ChainLink price analysis for July 31, 2022, reveals the market following a partial bearish 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.

Chainlink price analysis is bullish today, as price continued along an extended uptrend to reach as high as $8.20 over the past 24 hours. LINK price has been trending bullishly since July 27, 2022 ascending from a low point of $6.20 and has since then risen more than 32 percent.