Chainlink Regains Bullish Momentum as It Rebounds above $21 Support

Chainlink (LINK) has continued its downward move as the crypto dropped to $21 low. The intense selling pressure above $35 interrupted the upward correction of the crypto.

In the first rejection at the $35 high, Chainlink dropped to $24 low. Buyers reacted and pushed the altcoin to the $32 high. The bulls retested the $32 resistance zone twice but could not sustain the bullish momentum. Chainlink was resisted as the altcoin slumped to $21 low. There is a possibility that altcoin may fall and revisit the previous low at $18, or $15. However, if the $21 support holds, LINK/USD will resume up trending. For instance, on May 23, the bulls bought the dips as the crypto rallied to $35.