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CoinGape

Chainlink Price Bearish Pattern Holds Despite Market Recovery—What’s Next?

CoinGape
Summary
Nutrition label

63% Informative

Chainlink price showed some strength in the past 24 hours as the entire market started to rise.

Technical analysis suggests the asset is still stuck in a broader bearish pattern.

If Chainlink surpasses $ 14.70 , it may invalidate this bearish thesis.

Chainlink on-chain volume hit a monthly low of $46.1 million , with an occasional anomaly spike on August 5 .

VR Score

40

Informative language

25

Neutral language

44

Article tone

formal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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