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đ $LINK Declines 3.85% After Resistance Rejection: Is $10 in Sight?
Chainlink cryptocurrency has continued to struggle with its price movement after opening its market with a trading value of $15.27. During the session, LINK has reported a low of $15.01 and a high of $16.36 in the past 24 hours. The current price trend has prompted the market analysts to weigh on whether the digital asset will invite bulls for a reversal.
đ¸ What is the Current Market Trajectory?
A look at the ongoing price performance for Chainlink has displayed a varied market trend. As of press time, market data indicates that LINK is priced at $15.08 after declining 3.85% over the last 24 hours. The market capitalization has dropped to $9.9 billion, marking a 3.84% decrease.
Daily trading volume surged to $559.26 million, recording a 78.62% increase within the same timeframe. LINKâs fully diluted valuation is now at $15.08 billion. The circulating supply is 657.09 million LINK, out of a total supply of 1 billion tokens.
The price increased to $16.25 during trading, but swiftly went back down. During the day, the price of Chainlink fluctuated from $15.46 to $16.36. This indicates that LINKâs trading activity is well controlled in proportion to its total supply.
The chart shows a clear rise during midday, followed by a steady pullback. The drop in price came after earlier gains failed to sustain above resistance. LINK now trades near session lows, with red dominance in the final trading hours.
đ¸ Chainlink Price Eyes $10 As Market Reacts to Rejection at Higher Levels
Market analysts have hinted at the potential for a continued dip for Chainlink. According to an observation by Ali Charts, LINK experienced renewed selling pressure after failing to maintain higher levels in recent sessions. The asset retraced sharply after a rejection, with price movement now pointing back toward the $10 zone. This shift reflects short-term market reaction to earlier bullish momentum that lacked follow-through strength.
#LINK #Chainlink
Chainlink cryptocurrency has continued to struggle with its price movement after opening its market with a trading value of $15.27. During the session, LINK has reported a low of $15.01 and a high of $16.36 in the past 24 hours. The current price trend has prompted the market analysts to weigh on whether the digital asset will invite bulls for a reversal.
đ¸ What is the Current Market Trajectory?
A look at the ongoing price performance for Chainlink has displayed a varied market trend. As of press time, market data indicates that LINK is priced at $15.08 after declining 3.85% over the last 24 hours. The market capitalization has dropped to $9.9 billion, marking a 3.84% decrease.
Daily trading volume surged to $559.26 million, recording a 78.62% increase within the same timeframe. LINKâs fully diluted valuation is now at $15.08 billion. The circulating supply is 657.09 million LINK, out of a total supply of 1 billion tokens.
The price increased to $16.25 during trading, but swiftly went back down. During the day, the price of Chainlink fluctuated from $15.46 to $16.36. This indicates that LINKâs trading activity is well controlled in proportion to its total supply.
The chart shows a clear rise during midday, followed by a steady pullback. The drop in price came after earlier gains failed to sustain above resistance. LINK now trades near session lows, with red dominance in the final trading hours.
đ¸ Chainlink Price Eyes $10 As Market Reacts to Rejection at Higher Levels
Market analysts have hinted at the potential for a continued dip for Chainlink. According to an observation by Ali Charts, LINK experienced renewed selling pressure after failing to maintain higher levels in recent sessions. The asset retraced sharply after a rejection, with price movement now pointing back toward the $10 zone. This shift reflects short-term market reaction to earlier bullish momentum that lacked follow-through strength.
#LINK #Chainlink
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LINK
15.11
-4.60%