Chainlink is trading near the lower Bollinger Band at $14.04, indicating heightened volatility as $13 support level remains a key threshold, with a break below potentially leading to further losses.
It secured a major partnership with the Abu Dhabi Global Market (ADGM) to advance blockchain adoption.
Chainlink (LINK) price is under fresh bear pressure as the overall cryptocurrency market is in decline. The coin, which was on track to return to the top 10 largest cryptocurrencies, has lost its gains made in earlier times of market-wide selling pressure. The recent price action has increased investor worries about its short-term stability and long-term growth prospects.
Chainlink Price Performance & Key Levels
At present, trading at $13.72, Chainlink price has lost 3.68% in the past 24 hours. The steep pullback comes on the back of a general market decline that deepened during mid-day trading, with Bitcoin’s decline further compounding the problem. The sell-off has positioned L
