Augur (REP) and Chainlink (LINK) Technical Analysis: Bulls Weak, Prices Trending Down

Augur and Chainlink may be firm, but sellers are in a commanding position at the time of writing. REP and LINK may drop to $18 and $20, respectively.

Augur (REP)

The predictions market platform operates on Ethereum using REP tokens.

Past Performance of REP

Augur token prices are trickling lower reading from candlestick arrangement in the daily chart.

Although REP crypto buyers have the upper hand, sellers are currently pressing lower.

At the time of writing, REP is down two percent, trailing the greenback.

Day-Ahead and what to Expect

Reading from the REP technical analysis, prices are pulling back from recent highs.

However, the primary REP crypto trend is defined, and solid provided prices trend above crucial reaction levels.

A close above $25 may inspire gains, while further dump downs below $20 may compound losses for ambitious REP crypto bulls.

Augur Technical Analysis

Buyers may be confident in the short term.

This, nonetheless, is valid as long as REP/USDT prices are above $18.

A close above $25 and last week’s highs may trigger demand, building the foundation for a swing towards—and ideally above $30—the primary resistance level.

Accordingly, from the REP token candlestick alignment, risk-averse traders may stay on the sidelines until there is a clear trend definition in either direction.

Chainlink (LINK)

The oracle provider is the most adopted, using LINK as its currency.

Past Performance of LINK

Chainlink crypto prices are relatively stable against the greenback when writing.

Even so, LINK token buyers have the upper hand and might rebound in the days ahead in a bullish breakout pattern.

Day-Ahead and what to Expect

The Chainlink token prices are within a tight range inside a bull flag clear in the daily chart.

Even though buyers are spirited, it could turn chaotic as LINK/USDT spiral down if $20 fails to hold.

This reaction line is a strong support line marking September 2021 low.

On the other side, a high volume close above the resistance trend line at $30 may lift off the LINK coin to September 2021 highs of $35.

Chainlink Technical Analysis

LINK/USDT prices are inside a bull flag, a wedge.

Besides, LINK token prices are still under pressure, printing lower lows relative to the upper BB, as evident in the LINK technical analysis in the daily chart.

The immediate support line is at September 2021 lows of $20.

A close below this reaction level might see LINK prices drop to H2 2021 lows of around $13.

Conversely, a rebound at $22 and the resistance trend line may pump LINK token towards $35, as mentioned earlier.

   
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