Chainlink price analysis: LINK price sinks to $5.95, a further downside to follow?

Chainlink price analysis for today 30th June 2022 shows a downtrend. Prices have been on a steady decline for the past few days and currently, are trading below the $6 mark.LINK is currently trading at $5.96 after making an intraday high of $6.21.The 24-hour volume for LINK stands at $1.31 billion, and the market capitalization.

Timeline of Chainlink

Chainlink [LINK], the most widely used oracle network for powering hybrid smart contracts has been through a tumultuous journey in 2022. In 2020, LINK climbed 15 places up in under a year and stood among the best performing top ten cryptocurrencies.

Chainlink (LINK) was among the cryptocurrencies that lost more than $1 billion in value due to the negative market sentiment that engulfed the decentralized finance (DeFi) space in May.  The post Chainlink Market Cap Sank More than $1.7 Billion in May appeared first on BeInCrypto.

Blockchain oracle solution Chainlink (CRYPTO: LINK) saw a massive uptick in on-chain activity after being listed on Robinhood Markets Inc (NASDAQ: HOOD). What Happened: As per data from Benzinga Pro, LINK rallied as much as 11% on June 28 after news of its Robinhood listing.

Chainlink price analysis suggests a downwards movement to $6.00 The closest support level lies at $6.16 LINK faces resistance at the $6.78 mark The Chainlink price analysis shows that LINK has failed to break above the $7.00 resistance level and has fallen back below the $6.50 mark as the selling pressure increased over.

Chainlink (CRYPTO: LINK) has been listed on Robinhood (NASDAQ: HOOD) causing its token price to rally up to $7.11 this morning. What Happened: On June 28, Robinhood confirmed that Chainlink would be listed on their platform.

Chainlink (LINK) got listed today on a popular stock trading app, Robinhood. The company officially confirmed the listing even after the cryptocurrency had already started appearing on its website.

Famous Cryptocurrency exchange, Robinhood has listed the Chainlink (LINK) on its platform. Recently, the exchange added support for popular tokens like Shiba Inu (SHIB), Solana (SOL) and Polygon (MATIC).

The weekly performance of the crypto-market has been quite interesting over the last few days as the bulls kicked up some dust. Chainlink [LINK] was one of the cryptocurrencies that enjoyed a substantial uptick as it pushed deeper into the narrow range.

The latest Chainlink price analysis suggests bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following since 25 June 2022, and the recent progress is also in favor of bears.

ChainLink price analysis for June 26, 2022, reveals the market following a bullish movement, obtaining some positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.