LINK, the native token of the popular Smart Contract network Chainlink, is among the top 15 cryptocurrencies for its market capitalization of $8.4 Billion. Despite its popularity, the price is far lower than its best-performing days of 2021. At that time, Chainlink rose to its highest, creating an all-time high record of $52.88. However, the LINK price has declined more than 73% and is currently at $14.38.
It is not that the LINK price has been continuously down since the ATH, as back in March 2024, the altcoin had a bullish rally where the price rose to a high of $21.75 before entering a downtrend. Over the month, the price has declined 14%, whereas the 2% drop is from yesterday. That questions whether the Chainlink price will recover this June or not.
Analysts Are Divided on LINK Price Recovery
The analysts are quite divided on the LINK price progress due to the mixed signals from the market. Though the Relative Strength Index Is Neutral, the MACD and SMA indicate a continuing decli
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