The Chainlink price has been trading within a narrow range, resulting in decreased investor interest. However, there has been a 1.5% increase in the past 24 hours, indicating sideways movement. Despite the gains, technical analysis suggests that the bears still control the price action. While there are signals of a potential reversal, broader market strength will be necessary for LINK to initiate a price recovery. At the time of writing, the price of LINK was $6.78, attempting to break its sideways trading pattern while remaining below its resistance level of $6.90.
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Chainlink Price Analysis: LINK Attempts Recovery Amidst Bearish Pressure
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