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CoinMarketCap

LINK Is Trading Too Close to Support! What's Next? 😨 Nov. 18

ChainLink / TetherUS (BINANCE:LINKUSDT)  
CoinMarketCap  
BINANCE:LINKUSDT   ChainLink / TetherUS
Trend Analysis Technical Indicators Chart Patterns LINK LINKUSDT LINKBTC linkbtclong LINKUSD linkusdsignals linklong linkanalysis chainlink
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trendanalysis indicator chartpattern link linkusdt linkbtc linkbtclong linkusd linkusdsignals linklong linkanalysis chainlink
In our previous analysis, we ascertained if the support at $7.5 is taken out, the price will test the last standing support at $6.2.

At the time of writing, LINK is trading dangerously close to the support at $6.2, and it looks like a breakdown could be seen soon.

If this support is broken, traders can expect the price to collapse to $5.2, which is the 52-week low.

Therefore, traders should proceed with caution until LINK is able to reclaim the resistance at $6.5.
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