Chainlink Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 3.72% decrease in price over the last 24 hours, falling to $14.44, despite a 7.0% increase over the past week. Its trading volume and circulating supply have also risen, with the current market cap ranking at #18.
April 25, 2024 | 3:01 pm
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NEGATIVE IMPACT
Chainlink's price has decreased by 3.72% in the last 24 hours, moving down to $14.44, despite a positive trend over the past week.
The short-term price decrease of 3.72% in Chainlink (LINKUSD) is significant, indicating a potential negative impact on investor sentiment in the short term. Despite the overall positive trend over the past week, this recent drop could lead to increased volatility. The increase in trading volume and circulating supply suggests a heightened interest in LINK, but the immediate price drop reflects a bearish sentiment among traders.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100