After four days of going down, Chainlink is stable today, trading around $6.48

Without a clear-cut direction, Chainlink is trading around $6.48 and ranging between $6.46 and $6.54.

Technical analysis shows that Chainlink USD is currently alternating around $6.48 with price action moving above and below this key level throughout the session. Technical analysis trend indicators suggest that Chainlink made an initial breakout above its 3 day Simple Moving Average at $6.51, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Chainlink's upper Bollinger Band® is at $7.14, suggesting that a downward move may follow.

The current technical outlook indicates Chainlink will continue to ebb sideways within tight ranges for the immediate future.

At the same time, 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. TRON surges 4.71% to trade around $0.076. UNICORN Token USD slumps 2.98% to trade around $6.43.

Pointing downwards for around a month. Chainlink has shed 14.89% over the past three months.