Chainlink price analysis: LINK price to retest $28 mark as bullls dominate the market

TL;DR Breakdown Chainlink price is expected to rise to $28The closest support level lies at $26.6Chainlink price is facing resistance at the $28 Chainlink price has broken above the $25 mark and strong bullish momentum has carried the price to challenge the $28 mark. LINK records an over 11 percent price hike across the last seven days showing strong bullish dominance. However, the sharp bullish activity leaves room for a volatile price movement The broader cryptocurrency market enjoys a bullish sentiment across the last 24 hours with most major cryptocurrencies recording profits across the time frame. Major Players include Ripple’s XRP, and BNB that record a 12.17 and a 6.17 percent increase respectively. Meanwhile Bitcoin and Ethereum record a 6.26 and a 7.57 percent hike Technical indicators for LINK/USDT Technical indicators for LINK/USDT by Trading view Across the technical indicators, the MACD shows strong bullish momentum as observed in the increasing size of the dark green histogram. The indicator saw a bullish reversal at 8 PM yesterday, since then bullish pressure is increasing steadily and the indicator is currently just below the -0.063 mark. Across the EMAs, the 12-EMAis trading above the 26-EMA and continues diverging while both EMAs rise. The RSI is currently trading in the neutral zone a little below the 56.00 mark and does not issue a signal. The indicator has been trading in the neutral zone for the pa...