Chainlink price corrects from all-time highs of $25.51. Bull pennant, bullish crossover on the 1H chart calls for more gains. RSI turns south but holds well above the midline, in the bullish zone. Chainlink (LINK/USD) appears to have stalled its corrective pullback from the record highs of $25.51 reached Saturday, as the bulls regain control after taking a brief breather early Sunday. The seventh most traded cryptocurrency enjoys a market cap of $9.857 billion, having risen almost 25% over the past seven days. At the press time, the coin hovers around $24.50, reversing a dip to $23.77 lows. LINK/USD: Bulls look to retest record highs LINK/USD: Hourly chart LINK/USD has charted a bullish flag breakout on the hourly sticks and battles the 21-hourly moving average (HMA) at $24.60, as of writing. A sustained move above the latter could drive the pair towards the $25 mark, above which the lifetime high would be retested. Adding credence to the upside break, the altcoin witnessed a bullish crossover in the last hours after the 100-HMA pierced the 200-HMA from below. Therefore, the path of least resistance appears to the upside, with the Relative Strength Index (RSI) still holding ground above the positive region, although off the higher levels. The buyers have the pattern target measured above $28 on their radars. However, if the correction picks up pace, the price could drop to test the pattern resistance-turned-support at $23.94. A failure to defend that level could offer extra zest to the LINK bears, with the bullish 50-HMA support at $23.37 likely to challenge their commitment to the downside. Further south, if the falling trendline (pattern) support at $23.85 caves in, the bullish formation will fail, opening floors for further correction. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Forex Today: US stimulus and coronavirus to keep driving financial markets FX Street 1 year Chainlink price corrects from all-time highs of $25.51. Bull pennant, bullish crossover on the 1H chart calls for more gains. RSI turns south but holds well above the midline, in the bullish zone. Chainlink (LINK/USD) appears to have stalled its corrective pullback from the record highs of $25.51 reached Saturday, as the bulls regain control after taking a brief breather early Sunday. The seventh most traded cryptocurrency enjoys a market cap of $9.857 billion, having risen almost 25% over the past seven days. At the press time, the coin hovers around $24.50, reversing a dip to $23.77 lows. LINK/USD: Bulls… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.