Chainlink Trades Below Short-Term Averages as Selling Outpaces Buying
Photo: TokenPost
Chainlink (LINK) traded below several short-term moving averages as taker selling exceeded buying, pointing to weaker near-term order flow while Binance account cohorts remained tilted long. LINK was priced at $12.87, down 0.75% over 24 hours, with an intraday range of $12.69 to $12.97. The token was below its seven-period simple moving average at $13.40, its 20-period SMA at $13.72, its 12-period exponential moving average at $13.42 and its 26-period EMA at $13.19. LINK remained above its 50-period SMA at $12.51 and 200-period SMA at $9.69.
Source: TokenPost
