During the latest pullback, the Chainlink price broke down below the pivotal support zone, while the Uniswap price has been following a steep descending trend. Both the tokens have been facing a strong upward action, raising concerns over the next price movement. During the latest pullback, the prices of LINK & UNI experienced a strong pullback, which triggered the FUD. This was when the price began to rise.
Momentum indicators remain weak but show early signs of stabilization. The RSI is hovering near 38–40, indicating bearish momentum without deep oversold conditions, often seen during basing phases. The MACD remains below zero, but histogram bars are flattening, suggesting downside momentum is slowing. If UNI holds above $4.70, a rebound toward $5.60 is possible. A break above that could target $6.60–$8.60, while a loss of $4.70 risks a drop toward $4.20.
The Bottom Line
Taken together, the three charts point to a similar setup across Chainlink and Uniswap. Price charts for both LINK and UNI show prolonged consolidation near well-defined support zones after sustained downtrends, suggesting selling pressure is weakening rather than accelerating. At the same time, the sentiment chart highlights periods of heightened retail FUD that have coincided with price stabilization and early rebounds.
This combination of a compressed price structure, slowing downside momentum, and improving sentiment from pessimistic extremes increases the likelihood of a short-term recovery phase, provided key supports continue to hold and broader market conditions remain stable.
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