Amid a general decline in the cryptocurrency market, Chainlink (LINK) shows its dynamics, though trading volumes are significantly decreasing.
Current LINK Metrics
Currently, Chainlink is trading at around $24, with a daily trading volume that has dropped over 24%. The asset's market cap stands at $16.57 billion. Over the last 24 hours, there have been liquidations totaling $5.61 million.
Trends and Price Movement Analysis
LINK reached a daily high of $24.88, but then saw a decline to $23.41. At present, the price fluctuates around $24.53. There is a possibility that the asset could test the support at $24.46.
Market and Strategic Direction
Current indicators, including MACD and RSI, suggest a neutral position for LINK. The activation of bullish pressure is weak, but it may hint at potential growth with a possible target at $24.67.
Chainlink currently faces bearish pressure, but some indicators suggest a potential for slight bullish movement. The market remains in an uncertain state.
