TL;DR breakdown Chainlink price analysis is bullish for today.Currently, the coin is trying to reclaim support at $25.The support has now shifted to $24 which hasn’t been broken. Chainlink is one of the most popular cryptocurrencies that people continuously look out for. For today, our Chainlink price analysis is bullish since the support at $24 wasn’t broken in the past 24 hours. Although in a recent bearish sentiment that overtook the market, Bitcoin fell from $50.5k all the way to $46.5k. With the fall of Bitcoin, Chainlink also fell from $26.7 to the support at $24, which hasn’t been broken. Chainlink was unable to break the resistance at $26.7 and we saw a retracement below the support at $25. After dropping below the support zone at $25, the coin has been able to keep $24 as its support. For today, Bitcoin has also risen from its support at $46,700 and is trading at $47,270 and the overall sentiment of the market is bullish for today. Chainlink price analysis indicates LINK/USDT reclaiming $25 support A detailed analysis of technical indicators on the 4-hour chart has been made in this Chainlink price analysis. We have covered major indicators including MACD, RSI, and the Bollinger Bands. Since Bitcoin was able to main the support, the majority of coins followed the same trend as indicated in the graphs below. Chainlink price analysis on the chart by Tradingview In the above 4-hour chart, we can cle...
