TL; DR Breakdown Chainlink price analysis is bearish today.Chainlink is trading positively on the daily heat map, recording more than a 3 percent price surge.In the last few weeks, Chainlink’s price has seen a high volatility. Chainlink price analysis: General price analysis The daily Chainlink price analysis chart began off while sellers controlled the market, causing a price surge. The buyers dominated the market for the first 15 minutes sending the prices to intraday high. Sellers came into the market and caused resistance at the intraday high of $30. This resistance was significant as it made the prices drop formin several inverted triangle patterns to the lows of $28.3.The bulls had created a week of support that made the sellers push the prices to $28.8, where they faced another strong resistance from the bears. The sellers came in large numbers sending the prices to intraday lows of $27.9. Chainlink price analysis is bearish today as a strong resistance was create in the early trading hours by the bears making the prices trade in a bearish trend on the daily chart. Therefore, we expect LINK/USD to gather momentum for a push higher over the next 24 hours and look to return to the $30 resistance. Cryptocurrency heat map. Source: Coin360 The cryptocurrency heat map reveals that the market is trading moderately. The color blue represents a higher volume of transactions. With the red bars having equal spots as the gr...
