Chainlink price analysis: LINK shows bearish traits at $7.09. Correction ahead?

The Chainlink price analysis shows the coin is correcting today as it has retraced back to $7.09. Overall, LINK/USD is bearish as it continues to slide downwards following the prolonged downtrend, and today's price function is also on the bearish side.

Timeline of Chainlink

Terra's total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market. The protocol lost around 78% in TVL since the first quarter of 2022.

Chainlink price analysis shows the recent LINK price is up by 19.41 percent after recovering from a bearish run that has been seen in the last 48 hours. The prices dipped to lows of $6 and the bulls came in to push prices back up.

Decentralized finance (DeFi) protocol Venus has been added to the lengthening list of those affected by the collapse of the Terra ecosystem this week. The post Venus Protocol Loses $11M Due to Chainlink Suspension of LUNA Price Oracle appeared first on BeInCrypto.

Recent Chainlink price analysis indicates that the LINK/USD pair is in a strong bearish run as the selling spree intensifies across all the digital assets. The bearish run has seen Chainlink prices decline by a whopping 27.15 percent, trading at $6.05, the lowest price this year.

While a few cryptocurrencies in the market are trying to recover from the losses, others are slipping quicker on the charts than sand seeps out of one's hand and XRP is, unfortunately, one of them. XRP takes a hit One of the topmost losers of the last 24 hours, XRP is down by 16.76% in

Chainlink price analysis is bearish in the short-term and bullish in the long-term. Chainlink prices have been on a steady decline over the past few days and are currently trading at $8.90.

The Chainlink price analysis indicates the LINK/USD pair extended its correction from the intraday high of $10.52 and traded to a low of $8.90 during the early hours of the day. Chainlink price analysis reveals a decline of 2.45 percent in prices from the previous price as bears look to break lower.

The founder of the Azuki non-fungible token (NFT) project, Zagabond, has revealed that he was behind three unsuccessful NFT projects before creating Azuki.  In a blog post titled “A Builders Journey,” he pointed out that the lessons he learned from the three projects helped him build Azuki into what it is today.

The Chainlink price analysis reveals the price has been trading low for the past few days as the bears have been putting efforts to remain at the lead. A downtrend has been observed today as well, as the price has been decreased to the $9.7 level as the bears have maintained their strength.

According to a tweet by Santiment, the Chainlink token dipped below the $10 mark for the first time in the last 18 months. At press time, the token stood at rank 28 at a price of $10.16.