Chainlink Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (CRYPTO: LINK) has seen a 4.19% price drop in the past 24 hours, continuing a slight downward trend over the past week. Trading volume has surged by 77% while the circulating supply increased by 0.22%. LINK's market cap is currently ranked #16 at $8.49 billion.
July 05, 2024 | 2:59 pm
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NEGATIVE IMPACT
Chainlink (CRYPTO: LINK) has experienced a 4.19% price drop in the past 24 hours, with a significant increase in trading volume by 77%. The circulating supply has also increased by 0.22%.
The significant price drop combined with a sharp increase in trading volume suggests heightened market activity and potential selling pressure. The increase in circulating supply also adds to the downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100