Chainlink (LINK), the cryptocurrency known for its decentralized oracle network, has been facing a challenging period in recent days as it grapples with a persistent bearish trend. Despite some positive developments in the crypto space, LINK’s price has been on a downward trajectory, failing to capitalize on favorable news.
One notable event that failed to provide the expected boost to LINK’s price was the successful completion of Swift’s experimentation with Chainlink. Swift, the interbank messaging giant, had conducted trials involving Chainlink, which created a buzz in the crypto community.
However, rather than propelling LINK’s price to new heights, it primarily generated increased social volume and sentiment among traders.
Chainlink Short-Term Support Zone Crumbles
Looking at the price charts in a new analysis, it becomes evident that LINK was unable to maintain a short-term support zone that had been established by bullish investors just last week. The weekend witnessed
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