ChainLink (LINK), Cardano (ADA), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for November 11: Bearish Market Hits Critical Fear Levels

Chainlink sees a death cross approaching on the chart, with a solid possibility of an aggravation of the current state of affairs on the market. LINK is trading at around $10.49 at the moment, moving below every moving average on the daily chart. The asset has already lost roughly a third of its value since the late September peak near $15.70, when the rally essentially ran out of steam. The 50 EMA is rapidly diving down and most likely to cross the 100 EMA sooner rather than later. The 50 EMA sits near $11.70 right now, while the 100 EMA is around $11.40, so the gap between them is getting thin. EMAs are also converging – an important sign that might cause some worrying certainly.

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