TL;DR Breakdown LINK/USD traded in a strong bearish trend towards the closure of yesterday’s price analysis chart.The bulls seem persistent to set a new high on the 24-hour chart.The Bollinger bands have started to widen, signaling high volatility. Chainlink price analysis: General price overview LINK/USD traded in a strong bearish trend towards the closure of yesterday’s price analysis chart. However, the dangerous trend was cut short by bulls as soon as the daily trading chart began. It began sending the prices to highs of $25.3, where it faced strong resistance from the angry bears, causing a sharp decline to an intraday low of $24.7. The bulls came in with substantial energy to divert the negative trend. Bulls took control of the market, making the coin price trade-in head and shoulder trend. The Choppiness Index (CHOP) is at forty and it is moving towards the 100, meaning that the market is trading in strong sideways movements. Chainlink price movement in the last 24 -hours: Will bulls beat bears pulling the price to $20 According to our Chainlink price analysis, LINK/USD traded within a daily range of $24.7 – $25.5. This close-range suggests low volatility across the daily chart. Chainlink’s trading volume faced a 49,2 percent increment to a total of $1 billion. The total market capitalization stands at $11 billion after a 1 percent surge in the last 24 hours. Chainlink is ranked #15 in the overall mar...
