Crypto
Chainlink Price Plummets Below $8 as Bearish Bias Takes Hold
Chainlink's price has been struggling below $8.18, down significantly from its swing high of $10.90.
The technical indicators point to a bearish bias, with all four major moving averages above the current price and volume falling.
A double top pattern has formed, signaling that buyers have twice failed to push price through a key resistance level.
Support levels are close but not tight, with the first support at $7.98 offering a reasonable floor if selling accelerates.