A slow down? After three days of going up, Chainlink is flat today, hovering around $5.32.

Chainlink is now trading at $5.32 after tracing out a steady $5.18 – $5.37 range today.

This uncertain state for Chainlink is reflected by published market data as highly important Retail Sales data from United States beat analyst expectations of -0.1% with a reading of 0.3%. New United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000). United States Philadelphia Fed Manufacturing Index (Jun) came out at -13.7, while a consensus of analysts was expecting -13.5.

As the trading day comes to an end, chart analysis indicates Chainlink USD is oscillating around the $5.23 level serving as support. Concerning technical analysis and more specifically, trend indicators, Chainlink made an initial break below its 5 day Simple Moving Average at $5.27, a possible indication of a forthcoming negative trend. According to asset volatility analysis, Chainlink's upper Bollinger Band® is at $6.88 and the lower is $4.77.

Overall, technical indicators suggest Chainlink has no obvious direction for the immediate future.

While Chainlink is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin gained 3.25% and is currently trading at $26,348. Bitcoin Cash ascends 3.35% to trade around $108.05.

Trending downwards for around 2 months. Chainlink has recovered 2.59% since descending to a significant low of $5.16 around 5 days ago.