$LINK is still trusted.

Profit-taking caused Chainlink (LINK) to fall off the $27 resistance, but it is still holding support close to $24.

Bulls may retest $27 and push the price higher to $31 or possibly $36 if it recovers from the 20-day EMA at $21.49. But LINK might drop to the 50-day SMA at $17.97 if it breaks below the 20-day EMA. Bulls are defending the moving averages on the 4-hour chart; if they are successful, another move towards $27 is probably in order. However, a decline towards $21 could result from a breach below the 50-SMA. $LINK #Link #Chainlink