\nChainlink price dips could become attractive with investors looking at the long-term outlook of the crypto project that has partnered with Swift to conduct experiments on the transfer of tokenized value across the world.\t\t\t\t<\/p>\n
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Published 10 mins ago <\/p>\n
Fear is spreading across the market, especially among investors in altcoins who are stomaching the biggest losses. The leading oracle service protocol Chainlink slipped 5% in 24 hours to trade at $14.15, erasing all weekly gains.<\/p>\n
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A 4.2% drop in trading volume to $709 million asserts the bearish outlook with LINK\u2019s market cap dropping to $7.9 billion.<\/p>\n
Chainlink Price Prediction: Levels To Watch As LINK Slips Below $15<\/h2>\n
Chainlink, like many of its peers including the likes of Solana (SOL), Cardano (ADA), Polygon (MATIC), Polkadot (DOT), and more, is struggling to stay buoyant as sellers take the reins this week.<\/p>\n
Before the drop below $15, LINK had extended the uptrend where it achieved highs slightly below $17. The odds started to flip in favor of the bulls following the break above resistance\u2014now support at $8.<\/p>\n
Movement above the subsequent resistance areas for example $10, $13, and $15 allowed investors to glance ahead, as far as $50. However, in the short term, they contemplated a break above $20 which would bring the the next key level at $30 within reach.<\/p>\n
Considering the pullback below $15 and a sell signal from the Moving Average Convergence Divergence (MACD) indicator, more declines are expected if the bearish situation takes longer to resolve.<\/p>\n![\"Chainlink](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/LINKUSD_2023-11-21_21-00-55.png\")