Chainlink Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (LINK) has seen a 5.18% price decrease in the last 24 hours, despite a 15% increase over the past week. Trading volume has increased by 57% while circulating supply slightly decreased. LINK's market cap is $7.05 billion, ranking it #18.
August 27, 2024 | 3:02 pm
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NEGATIVE IMPACT
Chainlink's price has decreased by 5.18% in the last 24 hours, despite a 15% increase over the past week. The trading volume has increased by 57%, indicating heightened interest or activity, while the circulating supply has slightly decreased.
The 5.18% decrease in Chainlink's price over the last 24 hours suggests a short-term negative impact on its price. The increase in trading volume by 57% could indicate increased selling pressure or volatility, contributing to the price drop. Despite the recent weekly uptrend, the immediate short-term outlook is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100