Chainlink (LINK) is seeing a large amount of opposition and is having a difficult time gaining pace. The rising trend of the crypto looks to be feeble, which raises worries about its potential for further expansion. This is despite the fact that it has recently gained.
Chainlink needs to break past a crucial barrier and maintain higher levels in order to see returns. This demands a stronger bullish feeling on the part of investors overall.
There is a fading momentum, as indicated by the trend strength indicator, which suggests that the current trajectory could not be sufficient to carry it past resistance areas.
It is quite improbable that Chainlink will be able to maintain any upward trend for an extended period of time due to the absence of substantial buying demand and the fading market optimism.
There is a possibility that the cryptocurrency could reach greater levels if it is able to rise above its current position and maintain gains; however, this is contingent upon a significant increase in demand.
