👀 $LINK Price Prediction: Why a move to $21 is likely in June - AMBCrypto Analytics

After climbing above the $16.04 level in mid-May, the market structure was bullish once more. The RSI on the daily chart showed a reading of 57.6 to reflect upward momentum was favored.

The Chaikin Money Flow’s +0.12 reading signaled strong capital flow into the market. It emphasized firm buying pressure. Therefore, Chainlink is expected to perform well in the coming days.

The former resistance zone at $17 has now been flipped to support and the bulls are expected to hold the price above the $16.5-$17 region.

The recent dip from $19 came alongside a drop in trading volume, which reinforced the idea of weak selling pressure and continued gains.