Chainlink Struggles above $10.66 and Breaks Through Current Support

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.

Timeline of Chainlink

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.

Double launch brings the firm's total number of ETPs listed to seven so far in 2022.  May 04, 2022 | SAINT HELIER, Jersey - CoinShares (“the Company”) (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe's largest digital asset investmen...

Popular altcoins Uniswap (UNI) and Chainlink (LINK) are likely to see big price rises in the coming days, after digital asset manager Coinshares said it will list ETPs featuring the two. CoinShares said it will list two new physically-backed exchange-traded products (ETPs) tracking the prices of UNI and LINK.

Chainlink has always been lauded for its services, even when it doesn't perform as per expectations. Now, due to its popularity among Defi protocols, it was being expected that the token will recover on the price charts eventually.