Chainlink price analysis: LINK/USD shows strong buying interest as bulls face 30% decline

TL;DR Breakdown The recent pull back from $36.38 to $25 opened doors for newfound buyer interestIntra day trade sees LINK/USD down by 2.3 percent with trading volume also fallingPrice currently holds above the 50 and 100-day moving averages, suggesting a breakout back towards the $30 mark Chainlink price analysis shows that the token is set for renewed interest after facing a major downslide earlier in the week. After moving as high as $36.29, LINK faced a turbulent Tuesday as it fell almost 30 percent down to $25. Recovery started on September 9 as it went past the $30 mark, and has consolidated there. Price at the time of writing sits at $27.35, declining 2.5 percent on intra-day trade. Trading volume has also decreased just under 20 percent, presenting a positive glimpse for gathering buyer momentum. The larger cryptocurrency market showed mixed trends, after slight dips over the past 24 hours. The largest cryptocurrency Bitcoin went 0.4 percent down to maintain just below $45,500. Ethereum dropped 0.3 percent while other Altcoins showed positive trends. Ripple and Solana increased by 3 percent each to finish at $1.10 and $185.13, respectively. Whereas Polkadot went up 7 percent to sit at $31.55. The biggest upswing was seen with Cardano, as it went up around 13 percent to solidify at $2.70. Chainlink price analysis: Cryptocurrency heat map. Source: Coin360 LINK/USD 24-hour chart: Price holding above 50 and 100-day movi...