Chainlink reversed from key resistance level 7.750

Chainlink (LNKUSD) cryptocurrency today reversed down from the key resistance level 7.750 (which stopped the earlier minor correction 2 at the start of May, as can be seen from the Chainlink below), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 7.750 continues the clear multi-month downtrend from last January.

Given the generally risk-off sentiment that can be seen across the cryptocurrency markets today- Chainlink cryptocurrency can be expected to fall further toward the next round support level 6.000 (which reversed the price earlier this month).

LNKUSD - Primary Analysis - Jun-01 1422 PM (1 day)

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