{"id":564129,"date":"2020-10-07T18:20:25","date_gmt":"2020-10-07T15:20:25","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=564129"},"modified":"2020-10-07T18:20:25","modified_gmt":"2020-10-07T15:20:25","slug":"chainlink-link-losing-its-8-80-support-opens-the-doors-to-7","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/chainlink-link-losing-its-8-80-support-opens-the-doors-to-7\/","title":{"rendered":"ChainLink (LINK) Losing its $8.80 Support Opens the Doors to $7"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The digital asset of ChainLink (LINK) continues on its massive correction<\/a> from its mid-August all-time high value of $20. Earlier today, LINK’s value dropped below the crucial $8.80 support level to post a local low of $8.38. At the time of writing, ChainLink is trading at $8.82 and looks set to dip further<\/a> in the days to follow.<\/p>\n The main reason $8.80 is a crucial level for ChainLink, is the fact that this was the last organic all-time high value before LINK marines heeded the call to liquidate Zeus Capital<\/a>. ChainLink hit this value on the 15th of July and would only revisit it two weeks later on August 2nd. The latter date is also when LINK marines joined forces to begin their campaign of liquidating Zeus Capital.<\/p>\n\n
Why $8.80 is Important for ChainLink (LINK)<\/h2>\n
LINK Losing $8.80 Opens the Doors to $7<\/h2>\n