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Cryptopolitan 2021-09-23 11:01:00

Chainlink price analysis: Bulls dominate as price recovers to $24.00

TL;DR Breakdown Chainlink price analysis suggests upwards movement to the $26 levelLINK faces resistance at the $24.50 markThe closest support level lies at $22.40 The Chainlink price analysis shows that the bulls have struggled free from the bears and now dominate the short-term charts as LINK makes a return to the $24 mark. While the price action faces resistance in climbing above the $24.00 mark, the market sentiment remains highly bullish.  The broader cryptocurrency market observes a bullish market sentiment over the last 24-hours as most major cryptocurrencies record positive price movements. Major players include SOL and AVAX recording an 18.81 and an 18.78 percent incline respectively.   Chainlink price analysis: Bulls snatch control Technical indicators for LINK/USDT by Tradingview Across the technical indicators, the MACD is currently bullish as expressed by the green histogram. The indicators have just observed a bullish crossover in the last 12 hours and since then show a growing bullish momentum as the price action heads towards the $30 mark. However, the price action faces resistance at the $24.50 mark that prevents the momentum from growing further.  The EMAs are currently moving upwards as the Chainlink market recovers. The 12-EMA is trading with a steeper slope suggesting an increasing bullish momentum as the buying activity continues in the markets.   The RSI was down in the ove...

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