Not all green here
There have been some causes of concern as well. LINK didn’t quite show much growth in terms of the number of active addresses present on the network.This could be perceived as a bearish sign by traders. But they should keep in mind that LINK had declined in volatility by 7.96% over the past week. Speaking of price action, Chainlink was trading at $7.69 at press time and had depreciated by 3.16% in the last 24 hours.
Even though LINK had gone up by 15.57% since 22 September, the price had moved in a downward direction post 27 September. The RSI, at press time, was at 44.75 which indicated a slightly bearish future for LINK and implied that the momentum was mostly with the sellers. The CMF had been depreciating as well and it was at -0.15 which could imply that the price movement could further go downwards.
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