Is Chainlink Price Poised For Another 10% Drop?

Is Chainlink Price Poised For Another 10% Drop?
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The Chainlink price correction could extend another 10% before challenging key support at $7.7.
The U.S unemployment rate ticked down from 4.4% to 4.3%, indicating gradual labor market improvement
The momentum indicator RSI (Relative Strength Index) at 45% reflects an intact bearish momentum in current price trajectory.

LINK, the native cryptocurrency of decentralized Oracle network, Chainlink, shows a slight uptick of 0.8% to trade at $8.69. The insignificant gain created a neutral candle formation in the daily chart indicating a lack of initiation from buyers or sellers. This uncertainty follows the footsteps of Bitcoin amid the release of stronger U.S. jobs data for March 2026 which damped investors’ hope for potential rate cut.
LINK Whale Wallets Hit 125 as Accumulation Grows
On April 3rd, the crypto market witnessed a slowdown in recovery momentum as its market cap held at $2.3 trillion with an intraday gain of just 0.7%. This weak bullish momentum followed the

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