TL;DR Breakdown Chainlink price analysis shows prices are rapidly declining.Link is trapped at $28, which was a resistance earlier in the year.Chainlink’s price is now $28.579 per coin. The Chainlink price is presently trading near $29, which is the current resistance leel. The latest Chainlink price forecast implying a bearish trend continuation. The market is controlled by the bears at this time, which suggests that the Chainlink price will decline even further. There have been several attempts by bulls in the last few hours to mount a comeback, but they have all failed. The bears remain in the driver’s seat and are making an attempt to bring the price down below $27. 24-hour Chainlink price analysis displays bearishness The bulls and bears continue to parallel each other, as the Chainlink price chart demonstrates, with constant rises and falls in value. The week’s decline was a retracement of bullish trends, but today’s report is in favor of the bears. With an average range of $23.23, the Bollinger bands are at $28.595 Nonetheless, with an RSI score of 49.41 and the potential to rise even higher, there is a high likelihood that more buyers will approach the market. The short time moving average is $25.095, indicating continued bullish control in the not-too-distant future. LINK/USD technical indicators chart. Source: TradingView Bears take control of chart on the 4-hours duration According to ...
