Chainlink Price Analysis: LINK/USD rallies to $35 as bulls target new high

TL;DR Breakdown Today’s Chainlink price analysis indicates bullish signalsLINK/USD witnessed a quick retracement during the night.LINK found support around $31 today Today’s Chainlink price analysis indicates bullish signals for the upcoming 24-hours after successfully breaking resistance at $29 and climbing to the $30 region. The 24-hour chart shows that the coin rejected further downsides at $31, where the daily low is located. Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market is trading in the red zone after shedding value on the 24-hour chart. Bitcoin broke from the $52k mark and retraced by 0.81 percent, ETH lost 3.77 percent while  ADA and XRP lost more than 2 percent. Solana emerged as the best performing coin of the day with a percentage increase of 28 and was able to break into the $180 level.  Chainlink price movement in the last 24 hours: Chainlink retraces to the $26 mark. According to data from the 24-hour Chainlink price analysis, the coin traded within a daily range of $31.42 – $35.34. Quite a moderate range suggests low amount of volatility. The overall daily trading volume for the data feeds blockchain token went up by 21 percent and hit a total of $2.740 billion. Meanwhile, the total market capitalization stands at approximately $14 billion, ranking the coin at number #12 overall. LINK/USD 4-hour chart: LINK set to rally again? The 4-hour Chainlink price analysis char...