Chainlink Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink's (CRYPTO: LINK) price has decreased by 3.47% in the last 24 hours, now at $14.96, despite a 3.0% gain over the past week. The volatility is depicted by Bollinger Bands in the provided chart. Trading volume has risen by 29.0%, and the circulating supply has grown by 0.34% to over 556.85 million, which is 55.68% of the max supply. LINK's market cap ranks it 13th at $8.29 billion.
December 07, 2023 | 3:00 pm
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NEGATIVE IMPACT
Chainlink (LINK) experienced a 3.47% price drop over the last 24 hours, despite an overall increase in trading volume and circulating supply. The market cap remains strong at $8.29 billion.
The short-term price impact is negative due to the recent 3.47% drop in price. However, the increase in trading volume and circulating supply, along with a strong market cap, suggest underlying strength that may mitigate the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100