Chainlink (LINK) is one of the cryptocurrencies that has suffered the most from the weakness of the altcoins. The LINK price has collapsed after 397 days in the range between $9.62 and $5.32, which is an extremely bearish signal. But the good news is that, after falling below support at $5.32 on 10 June, the bulls have managed to regain the level for the time being. Nevertheless, the Chainlink price is not out of the woods yet. A do-or-die moment could loom within the next few days and weeks. The renowned crypto analyst @DaanCrypto has pointed this out. Via Twitter, the analyst shared the chart below and explained that LINK could enter Phase C, the “spring”, within the Wyckoff analysis. For this to happen, however, the range must be held: $LINK Followed the plan. It deviated below its 400-day range and retook it. Wouldn’t expect this to outperform many of the new shiny coins, but the invalidation is clear as day and the risk/reward is solid. It’s do or die here, $LINK Marines. Dutch analyst Michaël van de Po ..
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