Chainlink Price Analysis: LINK moves below $27, ready to set another higher low?

TL;DR Breakdown Chainlink price analysis is bullish for today.LINK/USD saw a strong retracement overnight.LINK found support around $25.7 overnight.  Chainlink price analysis is bullish for today as a new higher low was established over the last 24 hours as the market rapidly moved back below the $27 mark. Since further downside was not seen, we expect LINK/USD to reverse today and look to set further highs. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the red over the last 24 hours. The market leader, Bitcoin has declined by 3.72 percent, while Ethereum has lost 5 percent. Dogecoin (DOGE) is among the worst performers, with a loss of 7.7 percent. Chainlink price movement in the last 24 hours: Chainlink retraces to the $26 mark LINK/USD traded in a range of $25.74 – $28.72, indicating strong volatility over the last 24 hours. Trading volume has decreased by 6.25 percent and totals $1.53 billion. Meanwhile, the total market capitalization trades around $11.78 billion. LINK/USD 4-hour chart: LINK set to rally again? On the 4-hour chart, we can see the Chainlink price action moving sideways over the last hours in preparation for another rally later today. LINK/USD 4-hour chart. Source: TradingView Chainlink price action has seen strong bullish momentum over the last month. From the previous swing low of $13.4, set on the 20th of July, LINK/USD has rallied more than 125 percent. The...