Chainlink Turns Bearish As Price Dips To 8-Month Low

The Chainlink price has dropped to an eight-month low as the coin fell from the $6.30 price level. Since the Chainlink price has touched a multi-monthly low, the chances of the price turning around remain extremely likely.

Timeline of Chainlink

Chainlink [LINK] sank to an eight-month low and presented the likelihood of a bullish move. Even though the asset did not possess an overall trend, traders could look to profit from its price movements.

Chainlink price analysis shows signs of an Uptrend today as the buying momentum is seemingly intensifying. The price covered an increasing movement during the day, as more buyers are investing in cryptocurrency.

A cryptocurrency and technology platform called Chainlink (LINK) gives blockchains price feeds and other data. The platform makes it possible for non-blockchain companies to securely communicate with blockchain platforms.

ChainLink price analysis for December 19, 2022, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bearish over the past few hours.

According to the Chainlink price analysis, the coin saw a wild plunge yesterday until finding support at $5.88 today. Yesterday, the price of LINK significantly dropped from $6.45 to $5.88.

Oracle provider Chainlink announced in a December 15 blog post that it is now offering floor price feeds for Ethereum-based non-fungible tokens (NFTs). The post Chainlink open NFT price feed oracle to expand DeFi usage appeared first on CryptoSlate.

Chainlink price analysis suggests stability at the $6.200-6.400 price region The closest support level lies at $6.400 LINK faces resistance at the $6.600 and the $6.701 mark The Chainlink price analysis shows that the LINK price action has fallen to the $6.400 mark as bears take hold of the market.

ChainLink price analysis for December 15, 2022, reveals the market following a complete bearish movement, obtaining massive negative momentum, signifying a decline for the LINK market. The price of ChainLink has remained negative over the past few hours.

ChainLink price analysis for December 14, 2022, reveals the market following an upward movement, showing increasing momentum, signifying positivity for the LINK market. The price of ChainLink has remained bearish over the past few hours.

Chainlink's [LINK] recent price action was not what the investors expected, as its weekly chart was painted red. According to CoinMarketCap, LINK registered nearly 10% negative weekly gains and was trading at $6.63 with a market capitalization of over $3.3 billion at press time.