Chainlink’s Parabolic Trendline is Intact, But Analysts Fear a Breakdown

Chainlink has been struggling to gain momentum over the past couple of days, with the ongoing bout of capitulation within the
That said, while looking towards LINK’s BTC trading pair, the cryptocurrency’s parabolic trendline formed throughout the past few years remains fully intact. A break below this, however, could mark the start of a new – and bearish – era for the cryptocurrency.
Where altcoins like Chainlink trend next should depend largely on whether or not Ethereum can gain momentum in the near-term.
ETH has been firmly guiding the