Chainlink Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has experienced a 4.53% price drop in the past 24 hours, continuing a week-long decline of 11.0%. Trading volume has increased by 7.0%, while circulating supply has decreased by 0.52%. Chainlink's market cap is currently ranked #17 at $8.40 billion.
June 17, 2024 | 3:00 pm
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Chainlink (CRYPTO: LINK) has seen a significant price drop of 4.53% in the past 24 hours, continuing a week-long decline of 11.0%. Despite the price drop, trading volume has increased by 7.0%, indicating heightened trading activity. The circulating supply has decreased by 0.52%, which could be a factor in the price movement. Chainlink's market cap is currently ranked #17 at $8.40 billion.
The significant price drop of 4.53% in the past 24 hours, along with a week-long decline of 11.0%, indicates a bearish trend for Chainlink. The increase in trading volume suggests heightened trading activity, possibly due to the price drop. The decrease in circulating supply by 0.52% could also be influencing the price movement. Overall, the short-term outlook for Chainlink appears negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100