Chainlink's price fell by 9%, amid market volatility, but support from long-term holders remains strong.
Chainlink's Price Drop and Its Causes
On March 29, 2025, Chainlink's price dropped by 9%. This decline mirrors broader market conditions, yet consistent holder confidence hints at potential recovery. Sergey Nazarov emphasized Chainlink's thriving ecosystem despite recent market challenges. The current price decline is similar to the pattern in 2023 when a significant rise followed a brief depreciation period.
Role of Long-Term Holders
Prominent analyst Ali Martinez identified support around $14.60, reinforcing holders' optimism despite volatility. This trading range suggests a potential upward trajectory, coinciding with strong trading interest. Increased market activity for Chainlink is evident, with notable exchanges reporting higher trading volumes.
Partnership with SWIFT and Its Impact
The partnership with SWIFT indicates growing institutional interest and could influence future technological and financial outcomes. Sergey Nazarov stated: "The Chainlink ecosystem continues to grow and innovate, with over 1,000 projects now integrated. We remain focused on building robust infrastructure for Web3."
As long-term holders continue to show confidence, there remains the possibility of positive shifts within the market. The partnership with SWIFT may further drive institutional integration, possibly influencing future technological and financial outcomes.
