Chainlink Falls More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) experienced a 6.78% price decrease over the past 24 hours, reaching $17.4, and an 11% decrease over the past week from $19.58. The trading volume fell by 57%, and the circulating supply slightly decreased to 587.10 million, representing 58.71% of its max supply. Currently, LINK's market cap ranks #15 at $10.21 billion.
March 22, 2024 | 3:03 pm
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NEGATIVE IMPACT
Chainlink (LINK) has seen a significant price decrease of 6.78% in the last 24 hours and an 11% decrease over the past week, with its price now at $17.4. The trading volume has also decreased by 57%, and the circulating supply has slightly decreased.
The significant price decrease of Chainlink (LINK) over the past 24 hours and week, combined with a substantial drop in trading volume, indicates a bearish short-term outlook. The slight decrease in circulating supply may not be enough to counteract the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100