TL;DR Breakdown Chainlink price analysis shows prices are rapidly declining.Chainlink is currently trading at $26.2.The daily Chainlink price chart began the day with the sellers in control of the market. Chainlink price analysis: General price overview The daily Chainlink price chart began the day with the sellers in control of the market. The bulls created solid support at the low end of the day’s trading five minutes later, $25.4. The prices rose, as a result, forming head and shoulder patterns to the intraday highs of $27.5, which sellers established. At this point, The sellers found a significant barrier that the bulls could not easily overcome. The strong resistance by the sellers allowed them to dominate the LINK/USD market, resulting in steep drops. Bulls have made several attempts in the last few hours to mount a comeback, but they have all failed. The bears remain in the driver’s seat and are making an attempt to bring the price down below $25. ON the 5-day LINK/USD price analysis chart, The RSI was seen hovering towards the overbought region. This suggests that the market has generally been bullish in the past week. The long-term technical indicators show that the bull market that saw its way last month might continue through the year. 24-hour Chainlink price analysis displays bearishness Chainlink price analysis has been bearish in the last 24 hours. However, bulls are attempting to break the ne...
