Chainlink dull so far today at $7.18, while in the midst of a bearish run

A 13 day downtrend has resulted in the asset losing $1.39. Today is looking a bit better: Chainlink trades at $7.18, after ending today at $7.19.

Chainlink USD's upper Bollinger Band® is at $8.35 and the lower is $6.57. Chainlink is approaching key support, around 11 cents away from $7.07. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite muted price action in Chainlink, chart analysis indicates it is positioned for a bullish run in the short term.

Other markets show mixed performance as FTX Token is up 9.54%. UNICORN Token USD is up 1.62%.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States ISM Manufacturing PMI (Apr) scheduled to come out tomorrow at 14:00 UTC.

Trading mostly sideways for a month. Chainlink is now trading 31.47% above the significant low ($5.47) it slumped to 3 months ago.