Chainlink Price Analysis: LINK sets higher low at $23, slowly prepares for another push higher?

TL;DR Breakdown Chainlink price analysis is bullish today.LINK/USD retraced overnight.LINK looks to set higher low. Chainlink price analysis is bullish today as a new higher low currently gets formed around $23 after a retracement from the $25.5 resistance over the last 24 hours. Therefore, we expect LINK/USD to reverse back to the upside and look to finally break higher high. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours. The market leader, Bitcoin, saw a decline of 3.96 percent, while Ethereum has declined by 5.48 percent. Meanwhile, Solana (SOL) is among the worst performers, with a loss of 8.35 percent. Chainlink price movement in the last 24 hours: Chainlink retraces to set higher low at $23 LINK/USD traded in a range of $22.73 – $24.48, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 20.88 percent and totals $1.04 billion, while the total market cap trades around $10.75 billion, ranking the coin in 15th place overall. LINK/USD 4-hour chart: LINK prepares to rally? On the 4-hour chart, we can see the Chainlink price starting to reverse, indicating that a higher low at $23 has been set. LINK/USD 4-hour chart. Source: TradingView Chainlink price action has seen a strong bearish momentum return over the second half of September. After several days of consolidation was followed by a slight upsurge to $32, anothe...