Chainlink: Assessing the way ahead

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The improvement in market sentiment saw Chainlink shatter the multi-month supply area and hurdle at $8. Can bulls extend their recovery?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.analysis

So, the previous supply area and the liquidity on charts could be key interest levels for late bulls if BTC maintained its bullish momentum in the next few hours/days. Conversely, a retracement below the previous supply area will confirm an increasingly negative sentiment and could tip the scale in favor of sellers.

Source: News Formal (newsformal.com)

 

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