Bitcoin reached $10,950 and faced resistance at $11,200 as Bitcoin Dominance rose alongside. This meant many major altcoins could be facing selling pressure in the near-term. Chainlink lost an important level of support and was primed for a slide to the downside. IOTA also showed bearish momentum, whereas Dogecoin took its first step towards halting its downtrend.

Chainlink [LINK]

Source: LINK/USD on TradingView

Chainlink lost the level at $11.7, deemed important by both the Fibonacci…

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