ChainLink price analysis: LINK/USD price dips to $28.4

TL; DR Breakdown LINK/USD traded in a range of $28.4 – $30.4, indicating moderate volatility over the last 24 hours.On the four-hour price analysis chart, the bulls seem to be overwhelmed by the bears. Generally, the LINK/USD trades in a bearish trend.  ChainLink price analysis: General overview In the first two minutes of the LINK/USD 24-hours price analysis chart, sellers took control of the market and set for a price dip. The bearish pressure pushed the price downwards in a sharp decline to lows of $29.35, where the bulls created a solid resistance to prevent further price dip. The bulls outnumbered the bears forcing the price to begin another upward trend. The bulls controlled the market for only 20 minutes before the sellers set in, causing a solid resistance at an intraday high of $30.31. The bear pressure caused the price to start declining in a falling wedge trend. Sellers controlled the market for more than half an hour. All this time, the bulls were on the drawing board strategizing for an attack. The angry bulls gathered in numbers to counter the bearish trend. The bulls established support at $28.4. The XRP/USD price saw another upsurge, although it did not last long before the mighty bears stormed the market, causing the price to decline in an inverted triangle trend. Source: Coin360 In the last 24 hours, the overall cryptocurrency heatmap has been in the green. The two crypto giants, Bitcoin and Chain...