$LINK Chainlink LINK $24.93 pulled back from the overhead resistance of $27, but the bulls did not cede much ground to the bears.

The bulls are again trying to drive the price above the $27 resistance. If they manage to do that, the LINK/USDT pair could start the next leg of the uptrend to $31 and subsequently to $36.

Contrarily, if the Chainlink price turns down sharply from $27 and breaks below $23.36, it suggests that the bulls are booking profits in a hurry. The pair could then reach the 20-day EMA ($21.86), which is likely to attract solid buying by the bulls.