Chainlink Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Chainlink (LINK) has experienced a 4.62% price drop in the last 24 hours, continuing a weekly decline of 3.0%. Despite increased trading volume, the circulating supply has decreased slightly. LINK's market cap is ranked #18 at $6.92 billion.
October 08, 2024 | 3:03 pm
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NEGATIVE IMPACT
Chainlink's price has dropped 4.62% in the last 24 hours, continuing a weekly decline. Increased trading volume and a slight decrease in circulating supply are noted.
The 4.62% drop in Chainlink's price within 24 hours indicates a negative short-term trend. The increased trading volume suggests active trading, but the decrease in circulating supply could indicate selling pressure. These factors contribute to a likely short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100