Chainlink price analysis: LINK value depreciates to $9.7 after the bearish extension

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.

Timeline of Chainlink

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.

The price of Chainlink (LINK) is in a downtrend as the cryptocurrency hovers above April 30 support. On April 30, Chainlink fell to the low of $10.66 and continued its sideways movement above the current support. The upward movement was staved off at the $12.28 resistance level.

Chainlink price analysis shows a strong bearish market sentiment as prices lose value to touch $10.06. There is a lot of selling pressure in the market as LINK prices are down by 4.97 percent in the last 24 hours.

The current cryptocurrency market is saturated with the constant introduction of new coins. The total amount of cryptocurrencies is more than 18000, and it will increase substantially in the coming future.

As Bitcoin [BTC] and Ether [ETH] fell by more than 8% and 6% respectively, in a day, investors' emotions have understandably been in a state of flux. While most of the top 100 alts took severe hits on their prices as well, some felt the selling pressure more than others.

The Chainlink price analysis shows a bearish trend as the market is losing steam. The LINK/USD market has been on a downtrend for the last24 hours and is currently trading at $10.82.

Chainlink will power Latin American real estate platform and added a new blockchain use-case for the sector so let's read more today In our chainlink news. Chainlink will automate rental payments for property owners to a Latin American real estate paltform and the tokenization of the global property markets is setting quite the goal of

The ChainLink price analysis for May 5, 2022, reveals the market following a bearish movement, obtaining significant negative momentum, signifying a positivity loss for the LINK market. The price of ChainLink has regained negative over the past few hours.

Popular crypto analyst Michaël van de Poppe thinks the end of the bear market is near for decentralized oracle network Chainlink (LINK) and other struggling altcoins. In a new video update, Van de Poppe tells his 165,000 YouTube subscribers that Chainlink is down about 80% from its all-time high of $52.70, which it hit last The post End of Bear Market Approaching for Chainlink (LINK), Says Crypto Analyst – Here's His Reversal Scenario appeared first on The Daily Hodl.

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