#PriceTrendAnalysis The decentralized oracle network Chainlink has fallen nearly 40% in the last month, leaving investors wondering if a recovery is in the works.

Chainlink saw a significant drop in yesterday’s trading session, falling from highs of $19.20 to $17.28 before paring some of its losses in today’s session. At press time, Chainlink (LINK) is up 0.06% in the last 24 hours to $18.05.

According to Ali, a crypto analyst, Chainlink’s recent price correction, which has seen it decline nearly 40% in the last month, coincides with a network halving, indicating that Chainlink’s activity is slowing. The Chainlink LINK network has been halving since November 30, indicating that activity is slowing.