Chainlink has suffered a 6% blow during the past week as the asset’s downtrend continues. Does the coin have any hope for a turnaround soon?
Chainlink Has Been On A Decline Since Top Back In July
Last month, LINK observed a sharp surge where its price crossed the $8.4 mark. The asset couldn’t keep the rise up, however, as it slowly started to slide down. The past week seems to have been more of the same as this trend of gradual decline, as Chainlink has now dropped to the $7.2 level.
Here is a chart that shows how LINK has gone downhill since its top last month:
Chainlink’s 6% losses during the past week aren’t that bad when compared to some of the other top coins in the sector, as many of the assets are carrying significant losses, including the likes of XRP and Litecoin, which are down 13% and 11% in this period, respectively.
That said, the drawdown could still be worrying for the asset’s investors, as it means that the downtrend that has been going on during the past few
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