Chainlink (LINK) is experiencing price volatility today despite its slight gains. The bears aim to take control over the price action as LINK dropped from $8.5764 on April 18 to $7.7704 on April 19, 2023.
Its trading volume is up by 97% in the last 24 hours. It also gained 2.27% on its price yesterday. But LINK price shows a decline on today’s chart representing a bear control.
Notably, the overall crypto market cap is down by 0.92%, indicating that bears are in control. Top coins such as BTC and ETH display a bearish trend that is most likely pushing other altcoins to decline.
What’s Ahead For LINK?
LINK has formed a red candle on today’s daily chart, dropping below its 50-day Simple Moving Average (SMA), a short-term bearish sentiment.
Also, it has remained in the sideways trend that began on April 22, 2023, showing that the bears and bulls might be at a stalemate in the market. The price change in this period is slight, but a spike in trading activity is evident for the a
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