May Trigger a 15% Rally Soon

The crypto bulls appear to have entered a trivial consolidation phase, as the majority of them have dropped below their newly gained highs. Amid the bearish pressure, Chainlink (LINK) and Avalanche (AVAX) prices are showing some signs of a rebound. However, the bears do have a major dominance at the moment but if the bulls display some strength, the prices could erupt into the next major resistance. 

Chainlink (LINK) Price Analysis

• The Chainlink price is heavily consolidating above the newly formed resistance-turned-to-support levels, which signals the growing strength among the bulls

• With this, the DMI is suggesting the token remain under consolidation between $19 and $23 for a few weeks as the +Di & -Di may undergo a bearish crossover, which may compel the price to trade sideways

• Therefore, the levels may maintain an ascending consolidation and later undergo a bullish breakout beyond $25

• Besides, the depleting volume may raise some concerns, which could delay the breakout, but the token undergoing a bearish pullback could be unlikely. 

Avalanche (AVAX) Price Analysis

• The Avalanche price has been displaying acute strength for a long time and has maintained levels around the gains 

• Although the latest pullback has dragged the levels slightly lower, the bulls have managed to hold the price above the support, which suggests a rebound could be fast approaching

• The RSI is trying to trigger a rebound at the average levels, while the MACD is flashing bearish signals. Therefore, the AVAX price may either experience equal bullish or bearish pressure or else both are expected to remain passive.

• In both cases, the price could remain still with negligible volatility and may initiate a flip as the selling pressure fades