Chainlink Traders Should Check These Factors Before Cutting Losses

Chainlink price has consistently been negative as seen in the past couple of hours. Chainlink outskirting other cryptocurrencies with higher market cap The crypto is registering weekly gains of 13%; with no red zones LINK price down by 9.25% Looks can deceive and Chainlink (LINK) is a proof of that as it outskirts other altcoins that have comparably higher market cap. Chainlink is performing at its peak as seen in the past seven days, registering heightened gains of 13% with no reds evident on the charts. Today, the market was looking bullish but hints a negative momentum prompting LINK to nosedive. The price has crashed from $7.5 to now at $6.64. According to CoinMarketCap, LINK price is down by 8.63% or trading at $6.64 as of press time. Chainlink Simmers Down In Terms Of Market Volatility The past week, Chainlink’s has had over 11 integrations with Polygon, BNB, Phantom, Solana, and Ethereum which is a positive sign that developers are working hard to ramp up the network. More so, the spike also coincided with the pump in volume which demonstrates a stable price increase. A tweet by Whalestats hails LINK as one of the popular cryptocurrencies that the top 500 ETH whales currently have in their holdings. Source: TradingView On a four-hour chart, LINK price is seen to simmer down in terms of market volatility or going extremes. LINK/USD price is hovering under the Moving Average price which indicates that the bears are monopo...