TL;DR Breakdown Sellers target the $23 psychological support level after price recovered from last week’s dipPrice up about 2 percent on intra day trade with trading volume also increasing 22 percentResistance being faced at $29 with the next breakout set at $34 Chainlink price analysis suggests that the coin faces an important battle between sellers and buyers in the current trend as price recovers from last week’s 30 percent dip. Price fell as low as $25.27 earlier, before showing some momentum to climb up to $29.35 at the time of writing. Sellers are expected to dominate the market at current trade, attempting to push price towards support at $23. Whereas psychological resistance for buyers lies at $29, with the next breakout points at $34 and $43, provided price can hold well above support. The larger cryptocurrency market continued recoveries from yesterday, led by Bitcoin’s ascend of up to 4 percent. Ethereum also jumped 5 percent to sit just under $3,500. Altcoins showed mixed patterns, with Ripple and Dogecoin ascending 2 percent each at $1.08 and $0.24, respectively. Whereas Cardano and Solana fell 1 and 5 percent each to sit at $2.4 and $158, respectively. Chainlink price analysis: Cryptocurrency heat map. Source: Coin360 LINK/USD 24-hour chart: Ascending triangle pattern forming as price sits at $29 psychological resistance On the 24-hour chart for LINK/USD pair, an ascending triangular pattern ...
