Chainlink price analysis for the day shows the token undergoing a distinct decline after yesterday’s rise past its resistance point of $29.89. Price went as high as $33.84 yesterday, before sellers came into the market to take out profits. Currently, price sits at $29.79, dropping more than 8 percent since yesterday. Trading volume can be seen rising more than 41 percent, suggesting that majority action in the market is governed by sellers.
Chainlink‘s price action follows that of the larger cryptocurrency market, that was dominated by dips for all major tokens. Bitcoin fell around 6 percent to drop below $59,000. Ethereum also dropped down to $4,000 after a 5 percent decline, while all major Altcoins fell into the reds. Cardano fell 10 percent, Ripple 9, and Dogecoin declined a massive 15 percent over the day’s trade. The only positive movement was shown by Shiba Inu, upping over 22 percent to sit at $0.000052.
Chainlink‘s price action follows that of the larger cryptocurrency market, that was dominated by dips for all major tokens. Bitcoin fell around 6 percent to drop below $59,000. Ethereum also dropped down to $4,000 after a 5 percent decline, while all major Altcoins fell into the reds. Cardano fell 10 percent, Ripple 9, and Dogecoin declined a massive 15 percent over the day’s trade. The only positive movement was shown by Shiba Inu, upping over 22 percent to sit at $0.000052.