Chainlink price prediction

Chainlink 

The bears tried to stall the up move at $22.70, but the bulls surpassed the resistance on Tuesday. The LINK/USDT pair could surge to $27, where the bears are expected to mount a strong defense. However, if buyers overcome the barrier at $27, the rally could extend to $30.

This optimistic view will be negated in the near term if the price turns down sharply and tumbles below $20.83. That could sink the Chainlink price to $20 and below that to the solid support at $18.

The pullback bounced off the 20-SMA on the 4-hour chart, indicating buying on every minor dip. Both moving averages are sloping up, and the RSI is in the overbought zone, indicating that buyers remain in control. 

The first support on the downside is the breakout level of $22.70, and then $21. A break and close below $21 suggests that the bulls are rushing to the exit. The next stop on the downside is at the 50-SMA.