Chainlink Price Prediction
Chainlink closed above the resistance line of the descending channel pattern on May 22, but the bulls are struggling to maintain momentum.
The bears are trying to push the price back into the descending channel. If the price falls below the neckline, it suggests that the breakout above the resistance line could have been a trap for the bulls. The LINK/USDT pair could drop to $13.20, which would keep the price trapped within the channel for longer.
On the contrary, a strong rebound from the resistance line indicates that the bulls are trying to turn the level into support. The pair could rise to $18 and subsequently to $19.80.