Chainlink (LINK) has experienced a notable price decline, dropping 13% in just a week. This downward trend is consistent with broader market downturns, reflecting a significant bearish sentiment in the crypto sphere. Current trading values are below crucial support levels, emphasizing the bearish outlook.
Technical analysis highlights continued bearish momentum for Chainlink. The price is struggling at established resistance points, reinforcing the notion that the bearish trend may persist. The market's overall sentiment seems to heavily influence Chainlink's price movement, with many investors concerned about ongoing declines.
