Chainlink cryptocurrency has continued to struggle with its price movement after opening its market with a trading value of $15.27. During the session, LINK has reported a low of $15.01 and a high of $16.36 in the past 24 hours. The current price trend has prompted the market analysts to

• Chainlink drops 3.85% to $15.08 with high volume, signaling market weakness.
• Price rejection near $16 hints potential push towards the $10 support level.

Chainlink cryptocurrency has continued to struggle with its price movement after opening its market with a trading value of $15.27. During the session, LINK has reported a low of $15.01 and a high of $16.36 in the past 24 hours. The current price trend has prompted the market analysts to weigh on whether the digital asset will invite bulls for a reversal.

What is the Current Market Trajectory?

A look at the ongoing price performance for Chainlink has displayed a varied market trend. As of press time, market data indicates that LINK is priced at $15.08 after declining 3.85% over the last 24 hours. The market capitalization has dropped to $9.9 billion, marking a 3.84% decrease.

Daily trading volume surged to $559.26 million, recording a 78.62% increase within the same timeframe. LINK’s fully diluted valuation is now at $15.08 billion. The circulating supply is 657.09 million LINK, out of a total supply of 1 billion tokens.

The price increased to $16.25 during trading, but swiftly went back down. During the day, the price of Chainlink fluctuated from $15.46 to $16.36. This indicates that LINK’s trading activity is well controlled in proportion to its total supply.

The chart shows a clear rise during midday, followed by a steady pullback. The drop in price came after earlier gains failed to sustain above resistance. LINK now trades near session lows, with red dominance in the final trading hours.

Chainlink Price Eyes $10 As Market Reacts to Rejection at Higher Levels

Market analysts have hinted at the potential for a continued dip for Chainlink. According to an observation by Ali Charts, LINK experienced renewed selling pressure after failing to maintain higher levels in recent sessions. The asset retraced sharply after a rejection, with price movement now pointing back toward the $10 zone. This shift reflects short-term market reaction to earlier bullish momentum that lacked follow-through strength.

Chainlink recently lost upward traction after facing resistance. The rejection halted the climb and sent LINK back below key levels. Technical patterns now indicate price action favoring a move toward the $10 range as traders reassess recent volatility.

The current trend indicates LINK may revisit its former support area around $10. That level previously held significance during prior consolidation phases and remains a target following this downturn. The rejection formed a reversal in sentiment, narrowing focus back to the lower trading band.

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