Cryptopolitan
2021-09-25 06:43:30

Chainlink Price Analysis: LINK unable to offset bears at $24

TL;DR Breakdown | Chainlink price analysis is trading with mixed signals on the 24-hour chartLINK/USD traded within a tight daily range of $24.92 – $25.92LINK/USD has been unable to counter strong bearish forces which are neutralizing any slight bullish uptrend. Chainlink price analysis is trading with mixed signals on the 24-hour chart after the bulls got held back by strong bears at the $24 resistance. LINK/USD could take any direction from the $24 barrier depending on the olume of buyers/sellers that enter the market. Let’s look at the technicals, shall we?   Chainlink price movement in the last 24 hours: Chainlink stuck at $25 As per our Chainlink price analysis, LINK/USD has not posted any significant movements in the last 24 hours and still trades within a tight daily range of $22 – $23.  The daily trading volume witnessed an 11 percent drop to $717 million while the total market capitalization recorded a 2.2 percent to a sum total of $11.19 billion. Coin Market Cap ranks Chainlink at number #16 among the 20 leading altcoins by market capitalization.  LINK/USD 4-hour chart: LINK starts to rally On our 4-hour Chainlink price analysis, Chainlink is trading up and down the $25 mark without indicating any positive signs of an uptrend.  Chainlink’s price action did witness a strong price advance in the last few weeks until the bulls touched $30 and underwent a reversal. The length of the ...

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