2023-11-08 16:40:15

Chainlink plunges from three-month high as LINK price eyes another 50% correction

Investing.com

By Cointelegraph

Chainlink (LINK) returned to mimic the broader crypto market downtrend as its price fell alongside top coins Bitcoin (BTC) and Ether (ETH) on Nov. 8.

LINK plunged by as much as 10% into the day to reach $8. While BTC and ETH slipped by approximately 6.5% and 9%. That contrasts with the trend witnessed on Nov. 7, wherein LINK rallied 14% to $9.25, its three-month high, while BTC and ETH dropped 1.5% and 0.5%, respectively.

LINK/USD two-hour price chart. Source: TradingViewLINK supply distribution among addresses holding 1K-1M tokens. Source: SantimentLINK/USD three-day price chart featuring ascending triangle breakdown setup. Source: TradingViewLINK/USDT three-day price chart. Source: TradingView/Pentoshi

#crypto #market #bitcoin #btc #chainlink

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