Over the last three weeks, Chainlink ($LINK) price has been under pressure, with its price decline sending many traders packing. However, recent market sentiment and historical chart patterns show that the token could start a recovery soon.
In the case of Chainlink and Quant ($QNT), as more and more believe the worst, those who take advantage of the time to buy may be able to restore a few percentage points.
Chainlink Price’s Recent Dip and Current Sentiment
For the past three weeks, Chainlink has been on a price dip. It has caused many traders to believe that the token will continue the downtrend for a while. The market sentiment has turned negative as the FUD for both Chainlink and Quant has increased.
However, as with any market trend, there’s often a price movement that goes against it. That suggests LINK may bounce back soon.
Recent data indicates that Chainlink has had its lowest sentiment levels for the year. According to a chart by Santiment, Chainlink’s soci
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