Chainlink (LINK) is facing significant bearish pressure, with a double digit dip in the past week seeing an analyst predict a potential crash to $7.50.
CRYPTO ANALYST WARNS OF FURTHER DIPS: Chainlink price struggles to find stable ground amid market volatility, with fears of a potential slip to the $7.50 mark, representing a 35% decline.
PREVAILING MARKET CONDITIONS: Chainlink's price decline aligns with broader market volatility and the impact of macroeconomic and geopolitical factors on cryptocurrencies.
RECOVERY POSSIBILITIES: An upward trend for Chainlink could be driven by stabilization of Bitcoin and Ethereum, positive sentiment shift, and reclaiming of key levels.