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Cryptopolitan 2021-09-27 07:38:38

Chainlink Price Analysis: LINK tests $25 resistance again, breakout to follow today?

TL;DR Breakdown Chainlink price analysis is bullish today.LINK/USD moved to $25 resistance again yesterday.LINK currently consolidates below the $25 resistance. Chainlink price analysis is bullish today as the market has seen bullish momentum return over the last 24 hours, with another retest of the $25 resistance. Therefore, we expect LINK/USD to move higher later today and finally break higher. Cryptocurrency heat map. Source: Coin360 The overall market traded with a strong bullish momentum over the last 24 hours. The market leader, Bitcoin is up by 6.69 percent, while Ethereum has gained more than 12 percent. Meanwhile, Uniswap (UNI) is among the best performers today, with a gain of around 35 percent. Chainlink price movement in the last 24 hours: Chainlink rallies back to $25 resistance LINK/USD traded in a range of $22.43 – $25.44, indicating strong volatility over the last 24 hours. The total trading volume has increased by 14.91 percent and totals $1.73 billion, while the total market cap trades around $11.17 billion, ranking the coin in 15th place overall. LINK/USD 4-hour chart: LINK ready to break past $25?  On the 4-hour chart, we can see the Chainlink price consolidating below $25 resistance as bulls gather momentum to push higher. LINK/USD 4-hour chart. Source: TradingView The Chainlink price action traded within a strong bearish momentum over the past weeks. After a new major swing high was set ar...

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