TL;DR Breakdown Chainlink price analysis rose from $30 to $34 in just two days.Extremely bullish momentum attracted a lot of investors.LINK/USDT had breached the resistance at $30.75, aiming for the next resistance at $34.707.Major support is present at $29.5, while the nearest is at $30.864. Today’s chainlink price analysis will revolve around the bullish scenario that the cryptocurrency has portrayed in the past 24-hours. Although, a major outbreak can be seen throughout the cryptocurrency market due to Bitcoin closing a candle above the $51K resistance price. After months of bearish sentiment, we have finally been greeted with the bulls. Therefore, it can be concluded that the LINK/USDT trading pair maintain bullish growth in the short as well as long term. Source: Coin360 The chainlink price analysis will be done on the basis of readings of technical indicators from the 4-hour charts. A cryptocurrency that has sound fundamentals and proper real-world use cases is something that every investor looks for. Without proper use cases and sound technology, any investment strategy will fail. Chainlink is one of the fundamentally sound coins backed by Oracle. According to the analysis of today’s market, we can see that Bitcoin has been trading with a bullish outlook. Closing a candle at $51.8K, Bitcoin confirmed its bullish stature as it gets ready to test the nearest resistance at $52543.57. If the resistance is brok...
