Chainlink price is experiencing a significant uptrend, having gained over 25% in the past seven days. This performance has positioned LINK as an outperformer among the top 20 cryptocurrencies.
In the short term, the LINK price might see a 7% retracement to critical support levels. At this juncture, the price could either bounce back, reinforcing the current bullish outlook, or break lower, which would invalidate the current bullish thesis.
LINK is presently down by 6.1%, further adding to the uncertainty of its short-term movements.
