Chainlink price analysis: Bulls exhausted, can LINK break past $30

TL;DR Breakdown Chainlink price is expected to fall to $26The closest support level lies at $28.00 LINK faces resistance at the $30 mark The Chainlink price has broken above the $29.00 mark after finding support at the $28.00 mark. LINK has exhibited strong bullish movement over the last three days as the price rose from the $24.00 mark to the current high at $29.10. However, as LINK approaches the $30.00 mark, the bulls exhibit signs of exhaustion which may cause the price action to observe a correction The broader cryptocurrency market observes a positive market sentiment over the last 24 hours as most major cryptocurrencies record profits over the period. Major players include Avalanche and Solana recording inclines of 29.7 and 6.94 percent respectively. Technical indicators for LINK/USDT: Bulls exhausted Technical indicators for LINK/USDT by Tradingview Across the technical indicators, the MACD is bullish as expressed by the green color of the histogram. The indicator currently shows strong bullish momentum as the Chainlink price approaches the $30 mark. While both EMAs are rising at press time, the 12-EMA seems to be stagnating as the 26-EMA catches up to it. This suggests a drop in bullish momentum and shows selling pressure at the current price level.  The RSI is neutral and moving with a low slope showing a dropping bullish momentum as the bears tussle for market dominance. The indicator’s high position leaves r...