TL;DR Breakdown The BoP indicator is lying on the optimistic implying bulls have significant strengthYesterday LINK/USD traded in a bullish trend. We anticipate LINK/USD to climb higher later tonight and aim to reclaim $30. Chainlink price analysis: General price overview Yesterday LINK/USD traded in a bullish trend. However, the coin traded in a strong bear trend towards the closure of yesterday’s Chainlink price analysis. This bearish trend was corrected when the daily price analysis chart set in pushing the prices upward, forming head and shoulder trends to the intraday highs at $29, where it faced strong resistance from the sellers, making the price drop slightly. The price analysis for Chainlink is favorable today, as the market has experienced a strong rise over the past 24 hours following a substantial drop last week. As a result, we anticipate LINK/USD to climb higher later tonight and aim to reclaim $30. Over the last 24 hours, the cryptocurrency market has been dominated by strong bullish momentum. Source: Coin360 The largest digital asset, Bitcoin (BTC), has seen a 1 percent price increase over the last 24 hours. Ethereum is up by 0.03 percent. ETH market seems to be in the hands of the bears as the coin is trading in a slightly bearish trend. The majority of the altcoins are trading on a bullish trend, causing prices to trade positively, with XTZ recording the highest gains of the day. Despite most of the coins t...
