Chainlink recently broke $25 after an interesting few days, rising double-digits in a single day to stage a test of $27. The price was initially rejected at this level, which would suggest that the momentum does not have as much support as expected. This puts the altcoin in a precarious position as the next move could determine what trend takes form from here.

Chainlink Price At A Crossroads

In a TradingView post, crypto analyst CryptoPilot highlighted where the Chainlink price currently is and the difficulties it is facing. It continues to trade below the $27.3 resistance, and with the latest rejection, is now moving toward the lower boundary of the ascending channel.

In this case, the altcoin risks a price collapse toward the $15-$17 level before its overextended move. It also a

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