The current Chainlink price analysis is bearish, as the market slowed down after overcoming the $32 resistance. As a result, we anticipate LINK/USD to reverse and establish another higher low.
The LINK/USD market found resistance at our expected upper bound at $32 yesterday – which was also the confluence of the 100-day EMA. As a result, LINK/USD retraced back to $28 in order to consolidate and establish a higher low that will act as support in the event of another drop in prices.