Last Chance: BlockDAG’s BDAG400 Bonus Ends in a Week! Chainlink Price Analysis Hints Dip — Arbitrum Holders Facing a Loss?
The post Last Chance: BlockDAG’s BDAG400 Bonus Ends in a Week! Chainlink Price Analysis Hints Dip — Arbitrum Holders Facing a Loss? appeared on BitcoinEthereumNews.com.
The crypto market is a space with both potential gains and persistent risks. Understanding everyday developments in the market helps to make better decisions. Recent developments include Chainlink (LINK) price analysis, which suggests the coin faces pressure as a head-and-shoulders pattern hints at potential declines of up to 35%, further mirroring broader market challenges. Weak market sentiment has also dealt a blow to Arbitrum (ARB) holders at a loss and signaled continued struggles with bearish indicators. On the contrary, the BDAG400 bonus code of BlockDAG (BDAG) continues to ignite excitement within the community, especially since the offer is ending in only a week! Buyers are rushing to grab this limited-time bonus opportunity to make substantial returns, making BDAG the best crypto right now. Chainlink Price Analysis: Potential Downturn Ahead? Chainlink’s price analysis has formed a head and shoulders pattern on the 4H chart, suggesting a 35% drop. Despite strong fundamentals, LINK has fallen by 35% from its December highs, mirroring Bitcoin and other altcoins. The 4H chart shows LINK peaked at $31, then formed the pattern. The neckline is at the 50% retracement point. A death cross formed on December 22, indicating further declines. LINK could drop to $13.25 unless it moves above $25, invalidating the forecast. LINK price analysis highlights that the ecosystem’s total value has also decreased, indicating weaker demand. On-chain data and technical indicators support these bearish trends. Arbitrum (ARB) Holders Navigate Market Challenges Weak market sentiment has left 80% of Arbitrum (ARB) holders at a loss, with ARB showing significant bearishness amid prolonged declines. Around 1.06 million ARB addresses, or 80.96%, are “out of the money,” signaling selling pressure and continued struggles for the altcoin. ARB is trading at around $0.7486 after recent losses. On-chain data and technical indicators point to further declines unless bulls reverse…
Filed under: News - @ January 4, 2025 5:26 am