Update
Chainlink Price Analysis for November 11: Bearish Market
Chainlink (LINK) is trading at around $10.49, below its moving averages on the daily chart. The asset has lost about a third of its value since the late September peak near $15.70. The 50 EMA is rapidly diving down and may cross the 100 EMA soon. Daily volume is lower than during the sell-off at the end of October, which is a positive sign. The RSI is moving sideways around 50, indicating a neutral market. The catalyst of Charles Schwab adding LINK to its crypto trading platform, announced in August, has not yet led to an increase in LINK's price. The closest support is the $10 price threshold, where buyers have stepped in twice over the last two weeks. If the death cross gets confirmed, LINK is likely to drop below $10.