The price of cryptocurrencies has been constantly dropping in the past 7-days and Chainlink (LINK) and NEAR Protocol (NEAR) are also finding themselves on the particular list.
For Chainlink (LINK), the bears are proving to be very troublesome as they are not going back on their efforts. They have been launching one attack after another against the bulls to kill any rallies that are coming to life in favor of Chainlink.
In the past 24-hours, the bears have inflicted an 8.06% plummet in Chainlink’s price since yesterday. Therefore, the price recorded for Chainlink is $15.79, which is highly likely to experience further plunges going forward.
The analysis shows that the investors may push Chainlink’s price down to $12.94 per LINK, by siding with the bears. This may allow the bears to launch strong attacks in favor of creating a huge plunge. In the upcoming days, the bears may manage to drag Chainlink’s value down to $9.31 per LINK.
This would present bears with another major opportunity to sink Chainlink’s price further down to $5.77.
If you look at the positive predictions for Chainlink, you may see the bulls gathering in favor of launching a small-level rally. If the bears are no match to the strong buying rally of the bulls, then Chainlink’s price may move to $18.17.
If the bulls are on the right track and the rallies keep building up, then Chainlink may experience another surge, moving its price to $22.18. The investors may then side with the bulls because of their buying potential, which may move the RSI in favor of a bullish trend.
This would change the entire situation of Chainlink and may move the moving averages in favor of another bullish price ($28.62).
While Chainlink has observed a plunge that is over 8%, NEAR Protocol (NEAR) seems to be moving in the upward direction. Although the recent 2.35% plunge points towards NEAR’s negative trend, it also hints towards a positive prediction.
The low plunge rate for NEAR suggests that the price of NEAR may soon rebound and start growing upwards. This may prove to be a breather for the bulls as they may try and succeed in pushing NEAR higher.
The more NEAR the investors accumulate, the higher the value of NEAR would be. If the bulls are able to keep up with their rally, they may be able to push NEAR’s price up to $12.15. As more support is observed for NEAR, its price will go on to reach $14.86 per NEAR. Another strong rally from the investors may help push its price up to $19.67 per NEAR.
However, the trendline for NEAR within the negative territory suggests NEAR’s price may dip to $9.47. If the bears continue inflicting more pressure, NEAR’s price may dip to $7.36, and then to $4.98.
