It can go sideways fast as you can. Link has been going sideways for quite some time and hasn't had the strength to break out of this range or break above the 50, which is now in the range. We might see some more downside, but if it does travel to the lower reaches of the horizontal range, I think in a few weeks it will make another try to break the 50. It's due for a pump, but LINK always seems to pump when the market tanks.
Note
Link seems to be having a lot of upward momentum lately. I think it could break out of 8.7 sometime in the coming weeks and there may be the potential for quite a bit of more upward movement if it does.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.