Chainlink’s price has been sinking like a stone throughout the past few days and weeks, with buyers being unable to garner any sustainable bullish momentum as the cryptocurrency faces immense inflows of selling pressure.
Chainlink’s price has been witnessing massive inflows of selling pressure throughout the past few weeks, with buyers being unable to garner any control of its mid-term trend in the time following its rejection at $20.00.
Chainlink has been flashing signs of intense weakness throughout the past few days, with the cryptocurrency breaking below the lower boundary of its long-held trading range as its buying pressure begins dissolving.
Macro uncertainty within the global markets has had a trickle-down effect, causing Bitcoin to see consolidation and weakness, which has, in turn, led Chainlink and other altcoins to see similar price action.
Chainlink has been flashing some signs of strength throughout the past few days and weeks, with the cryptocurrency’s securing a relatively strong foothold above the $17.00 region following its latest surge.
Chainlink has been seeing some turbulent price action in recent weeks, with the cryptocurrency rallying as high as $20 before incurring a massive influx of selling pressure that eventually sent it reeling as low as $12.
Chainlink has been caught in the throes of intense volatility in recent weeks, with its price incurring parabolic momentum before facing an influx of selling pressure that sent it reeling significantly lower.
Chainlink has been witnessing some intensely bullish price action over the past few weeks and even months, but the cryptocurrency faced a brutal selloff yesterday that caused its price to slide as low as $15.00.
The entire cryptocurrency market is currently expressing some signs of weakness as Bitcoin ventures down towards the lower-$11,000 region while many altcoins follow in its path – including Chainlink (LINK).