Chainlink Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a significant price drop of 5.39% in the last 24 hours, continuing a negative trend with a 15% loss over the past week. The trading volume and circulating supply have also decreased, with the current market cap ranking at #18.
April 30, 2024 | 3:02 pm
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Chainlink's price has fallen 5.39% in the last 24 hours, with a total 15% decrease over the past week. The trading volume and circulating supply have decreased.
The significant price drop of Chainlink over the past 24 hours and week, accompanied by a decrease in trading volume and circulating supply, suggests a negative short-term impact on its price. The decrease in supply and volume, along with the overall negative trend, could indicate selling pressure and reduced investor interest, which typically leads to a decrease in price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100