LINK’s price has appreciated by >64% over the past month
RSI was overbought, and a few indicators were bearish at press time
Chainlink [LINK] has performed very well over the last few weeks as its market capitalization climbed. However, after a comfortable rally, LINK’s price action has now turned red. A possible reason for this could be a drop in investors’ interest.
Read Chainlink’s [LINK] Price Prediction 2023-24
Trouble on the road?
Over the last 30 days, LINK’s price rallied by more than 64%. In the last seven days alone, its value surged by over 12%. While this was promising, it isn’t the case anymore. In fact, at the time of writing, a correction seemed very likely.
According to CoinMarketCap, LINK’s market cap fell to $6.93 billion over the last few hours. A possible reason behind the same could be a drop in investors’ interest.
The same was initially predicted by Michaël van de Poppe, a popular crypto-analyst. He tweeted that despite a positive price ch
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