Chainlink is currently experiencing bearish market trends. The likelihood of its price dropping to $8 before showing signs of recovery is considered high among analysts.
Many traders and investors are cautious about Chainlink's near-term prospects, waiting for a potential turnaround that might lead to an upward movement after the anticipated dip.
The overall sentiment within the Chainlink community remains watchful, with key stakeholders closely monitoring market dynamics and possible influencing factors.
