The Chainlink rally has slowed down recently; here’s what the various LINK on-chain metrics look like to see if the surge has hope of a restart.
Chainlink Has Registered Some Drawdown In The Past 24 Hours
Just during the weekend, Chainlink had been floating above the $16 mark, but winds seem to have shifted for the coin in the past couple of days, as it has registered some drawdown.
During the last 24 hours alone, LINK has dropped around 6%, leading to its price slipping below the $14 level. The chart below shows how the cryptocurrency has performed in the past month.
As displayed above, Chainlink had been riding some sharp bullish momentum in this period before this latest plunge, as the asset had