The price of Chainlink (LINK) has resumed its uptrend after breaking above resistance at $30. In the lower time frame, LINK price broke through the resistance level and pulled back to retest $30 support.
Chainlink's (LINK) price is trying to overcome resistance at $27. Buyers were rebuffed at the same price level on August 11, but the price of LINK fell to a low of $24. The current upward movement is a result of the previous unsuccessful attempt.
The price of Chainlink (LINK) is trading in the bullish zone as the altcoin breaks above the moving averages. Currently, the upward movement has stalled below the high of $24.26. Buyers have been desperately trying to break above the recent high since August 3.