RATE Group | This Previously Bullish Crypto Could Soon Erase Months of Gains in a Violent Selloff
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This Previously Bullish Crypto Could Soon Erase Months of Gains in a Violent Selloff

22 Mar This Previously Bullish Crypto Could Soon Erase Months of Gains in a Violent Selloff

Posted at 08:29h in Cryptocurrency News by

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Chainlink (LINK) has by far been one of the most bullish cryptocurrencies throughout both 2019 and 2020, with the crypto rallying to highs of nearly $5.00 in mid-February, which is around when the aggregated market lost its momentum and began to crater.

This market-wide downtrend has proven to be devastating for virtually all cryptocurrencies’ market structures, but it is important to note that it has been particularly impactful to LINK.

In the near-term, one top analyst is noting that the crypto is currently in a precarious position that could ultimately allow it to see a significant bout of capitulation in the days and weeks ahead.

Chainlink Grinds Lower as Crypto Market Shows Signs of Weakness

Bitcoin has been firmly guiding the cryptocurrency market over the past several days and weeks, which has made all altcoins prone to seeing significant downside.

Chainlink – which set fresh all-time highs last month – has been particularly impacted by this market-wide downturn, plummeting…

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