- Today’s Chainlink price analysis is bullish.
- Yesterday, LINK/USD found support at $26.
- The market is currently consolidating above the $28 level.
Chainlink price analysis is bullish today, as we expect more upside to be tested after breaking through the $28 resistance level. Over the next 24 hours, LINK/USD is likely to move closer to $30.
Over the last week, Chainlink’s price has experienced a strong resumption of bearish momentum. On November 10th, after a several-week rally, a new all-time high of $38 was set.
Lower prices followed, causing LINK/USD to consolidate in an increasingly narrow range. On the 15th of November, a strong break occurred, propelling Chainlink to the $28 level. Following some consolidation, another drop occurred on November 18th, with a new lower low set at $26.
Since then, we’ve seen a return to levels above $28. Price action in Chainlink is currently consolidating above the resistance turned support, implying that further upside will be tested later today.
Chainlink Price Analysis: Final Thoughts
Chainlink price analysis is bullish today, as we saw an increase yesterday above the previous support level of $28. As a result, LINK/USD should rise further in the next 24 hours.
While you wait for Solana to move forward, check out our guides on the best cryptocurrency exchange, how to mine Chainlink Classic, and Cardano vs Chainlink.