Home Crypto Crypto Update: Chainlink Tumbles 8.07% – Technical Analysis

Crypto Update: Chainlink Tumbles 8.07% – Technical Analysis

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💎 Crypto Update: Chainlink Tumbles 8.07% – Technical Analysis

📊 Market Overview

Report Date: November 03, 2025

Cryptocurrency Symbol Price (USD) Daily Change (%) MA50 MA200 RSI
Bitcoin BTC $107656.77 -2.70% $113694.69 $109869.83 41.17
Ethereum ETH $3715.66 -5.00% $4148.12 $3363.07 39.22
Binance Coin BNB $1029.81 -5.03% $1093.25 $812.24 40.57
XRP XRP $2.42 -4.39% $2.70 $2.62 41.84
Solana SOL $176.45 -6.06% $207.27 $179.80 37.53
Dogecoin DOGE $0.17 -6.85% $0.22 $0.21 34.74
Cardano ADA $0.58 -5.25% $0.74 $0.74 33.03
Avalanche AVAX $17.48 -7.34% $25.54 $23.06 31.67
Polkadot DOT $2.77 -7.31% $3.59 $3.92 35.22
Chainlink LINK $16.18 -8.07% $20.05 $17.96 37.82

🟠 Bitcoin

📈 Technical Analysis

Bitcoin (BTC) is currently priced at $107,656.77, reflecting a daily decline of 2.70%. The short-term outlook appears bearish as the price is trading below the 21-day moving average (MA21) of $110,083.13 and is significantly distanced from the longer-term moving averages (MA50: $113,694.69; MA100: $114,089.68; MA200: $109,869.83), indicating a potential downtrend. This movement suggests a short-term resistance zone near the MA21.

Momentum indicators reveal an RSI of 41.17, signaling that BTC is nearing oversold territory, while a MACD value of -1181.10 confirms the downward pressure. Traders should monitor for potential support near the MA200, as failure to hold this level may trigger further selling. A consolidation phase or reversal may emerge if RSI rebounds. Overall, a cautious approach is recommended, with vigilance towards bearish signals in the short


⚪ Ethereum

📈 Technical Analysis

Ethereum (ETH) is currently trading at $3715.66, reflecting a daily decline of 5.00%. The recent price action shows ETH falling below key moving averages, with the MA21 at $3925.76 serving as a resistance level. The MA50 and MA100 are positioned higher at $4148.12 and $4197.99, indicating further resistance ahead. The MA200 at $3363.07 acts as a critical support level; a breach below this could signal increased bearish sentiment.

Momentum indicators are revealing weakness, with the RSI at 39.22, suggesting that ETH is nearing oversold territory, but lacks immediate bullish momentum. The MACD at -87.13 indicates a bearish trend and potential for continued downward pressure. Traders should watch for confirmation of support around the MA200 to gauge a reversal or further downside risk. Short-term traders may consider caution, while long-term outlooks could hinge on recovery above the MA21 for bullish sentiment.


🟡 Binance Coin

📈 Technical Analysis

Binance Coin (BNB) is currently trading at $1029.81, reflecting a significant daily decline of 5.03%. The price is below key moving averages, with the MA21 at $1106.78 and the MA50 at $1093.25, indicating bearish momentum. The BNB is also trading above the MA100 of $966.69 and the MA200 of $812.24, suggesting potential support levels at $966.69 and $812.24.

The Relative Strength Index (RSI) at 40.57 indicates that BNB is approaching the oversold territory, which could suggest a potential rebound if buying interest increases. However, the negative MACD reading of -9.78 reinforces the prevailing bearish sentiment.

Traders should watch for key resistance at the MA21 and MA50 levels, while support near $966.69 could provide a buying opportunity. A decisive movement below $966.69 could open the door to retest the


🔵 XRP

📈 Technical Analysis

XRP is currently priced at $2.42, reflecting a daily decline of 4.39%. The cryptocurrency’s short-term moving average (MA21) is slightly below the current price at $2.47, indicating potential resistance. The MAs at broader timeframes—MA50 at $2.70, MA100 at $2.85, and MA200 at $2.62—suggest a bearish trend, as the price is below these averages, highlighting a lack of upward momentum.

The Relative Strength Index (RSI) is at 41.84, indicating that XRP is approaching oversold territory, which might suggest a potential reversal if buying interest increases. However, the MACD at -0.05 shows negative momentum, reinforcing a cautious outlook. Traders should monitor the $2.40 support level closely; a break below could amplify selling pressure, while a recovery above $2.47 would indicate a short-term bullish opportunity. Overall, caution is advised as market sentiment appears


🟣 Solana

📈 Technical Analysis

Solana (SOL) is currently priced at $176.45, reflecting a daily decline of 6.06%. The technical indicators suggest a bearish sentiment in the short term. The price is trading below the 21-day moving average (MA21) of $189.68, indicating that momentum is weakening. The 50-day (MA50) and 100-day (MA100) moving averages are acting as resistance levels at $207.27 and $200.81, respectively.

Support is identified at the 200-day moving average (MA200) of $179.80, which was recently tested but has not held strongly, highlighting potential weakness. The Relative Strength Index (RSI) of 37.53 indicates oversold conditions, suggesting a potential reversal may be on the horizon if buying pressure increases. Furthermore, the negative MACD of -5.57 reinforces bearish momentum. Traders should monitor these levels closely, as a break below support may trigger further declines, while stabilization


🟤 Dogecoin

📈 Technical Analysis

As of the current price of $0.17, Dogecoin (DOGE) has experienced a significant daily decline of 6.85%. The moving averages reveal a bearish trend, with the 21-day MA at $0.19, suggesting immediate resistance at this level. The longer-term MAs, particularly the 50-day and 100-day at $0.22, indicate additional resistance above.

The RSI at 34.74 signals that DOGE is nearing oversold conditions, which could present potential buying opportunities for traders if momentum shifts. However, the MACD reading of -0.01 emphasizes a weakening trend in momentum, reinforcing caution.

Traders should watch for support around the recent lows, while a break below could invite further downside risk. Conversely, any bullish reversal must clear the resistance at $0.19 and above for a more optimistic outlook. Ensure to manage risk appropriately amid current volatility.


🔵 Cardano

📈 Technical Analysis

Cardano (ADA) is currently trading at $0.58, reflecting a daily decline of 5.25%. Technical indicators suggest bearish momentum, with the price below key moving averages: the 21-day MA at $0.64, 50-day MA at $0.74, 100-day MA at $0.79, and the 200-day MA also at $0.74. The Relative Strength Index (RSI) sits at 33.03, indicating that ADA is nearing oversold territory, which may suggest a potential uptick if buying interest emerges. However, the MACD at -0.04 signals continued bearish momentum. Key support is identified around the $0.55 level, while resistance remains firm around the $0.64 mark. Traders should remain cautious, as further declines could test lower support levels. A close above the 21-day MA may signal a short-term reversal, but sustained bullish sentiment is required for a more substantial recovery.


🔴 Avalanche

📈 Technical Analysis

Avalanche (AVAX) is currently trading at $17.48, reflecting a significant daily decline of 7.34%. The price is situated well below its moving averages, with the 21-day MA at $19.78, the 50-day MA at $25.54, the 100-day MA at $25.00, and the 200-day MA at $23.06, indicating a bearish trend. The recent bearish momentum is further confirmed by an RSI of 31.67, signaling that AVAX is nearing oversold territory, which could present a potential reversal point if buyers step in. The MACD at -1.85 suggests continued downward momentum, indicating the likelihood of further price weakness in the short term. Traders should monitor the support level around $15.00 for potential buying opportunities, while resistance is now firmly established at the $19.00 mark. Caution is advised; low RSI levels should be observed for potential bullish reversals, but until signs


🟣 Polkadot

📈 Technical Analysis

Polkadot (DOT) is currently trading at $2.77, down 7.31% over the past 24 hours, signaling bearish momentum. The price is situated below key moving averages, with MA21 at $3.02, MA50 at $3.59, MA100 at $3.76, and MA200 at $3.92, indicating a bearish trend and suggesting that additional downside could be possible in the near term. The RSI of 35.22 reflects that DOT may be approaching oversold conditions; however, a significant reversal is not guaranteed without bullish momentum.

Key support levels are identified around $2.70, while resistance is evident at the $3.00 mark. The MACD at -0.18 further supports the bearish outlook, indicating that selling pressure dominates. Traders should closely monitor these levels; a breach below support could lead to further declines, while a rally past resistance could signal a potential reversal. Caution is advised for short-term trades


🔵 Chainlink

📈 Technical Analysis

Chainlink (LINK) is currently trading at $16.18, reflecting a significant daily decline of 8.07%. The price remains below key moving averages, with the 21-day MA at $17.61, indicating a bearish short-term trend. The longer-term MAs (50, 100, and 200 days) are also above the current price, corroborating a lack of bullish momentum.

The Relative Strength Index (RSI) at 37.82 suggests that LINK is approaching oversold territory, which may indicate potential for a reversal if buying pressure increases. However, the MACD value of -0.82 reinforces the bearish sentiment, signaling continued downward momentum.

Key support levels are currently around $15.00, while resistance is set near the MA21 at $17.61. Traders should exercise caution, as short-term strategies may focus on selling rallies until a clearer bullish signal emerges. A consolidation above $17 could signal a potential recovery, but for now, LINK


⚠️ Disclaimer

The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. Cryptocurrency markets are highly volatile, and all investments involve significant risks. Past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from your use of this information.

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