Chainlink Price Analysis: LINK Forms Double Bottom as Buyers Return
The post Chainlink Price Analysis: LINK Forms Double Bottom as Buyers Return appeared on BitcoinEthereumNews.com. Chainlink is showing early signs of recovery after holding above recent support near the $9 area. BraveNewCoin data placed LINK at $9.19, up 1.34% over 24 hours, while the token traded between $8.93 and $9.29 during the session. Notably, the short-term rebound comes as Crypto With Gopal flags a double bottom pattern on the weekly chart. The analyst said the structure could show fading selling pressure if LINK continues holding the same support region. LINK Holds Above Key Support Chainlink’s daily data shows buyers returning after the token tested lower levels during the previous session. Marketdata placed LINK’s market cap at $6.69 billion, with 24-hour volume near $286.14 million and available supply at 727.10 million LINK. The price remains far below its all-time high of $52.70, reached on May 10, 2021. LINK is still down 82.55% from that peak, which keeps the broader re