Chainlink Price Analysis
Chainlink
LINK
tickers down
23.39 €
surged sharply and broke above the 20-day EMA ($24.20) on December 23, indicating buying on dips.
The flattening 20-day EMA and RSI just above the midpoint indicate a balance between supply and demand. The LINK/USDT pair is likely to oscillate between $27.50 and $20 for a few days.
If the price breaks below $20, the pair will complete a bearish head and shoulders pattern, opening the door for a drop to $16. Conversely, a breakout and close above $27.50 could drive the pair towards resistance at $31.
