A small token correction is possible because Chainlink follows general market signals. With a 44% increase in value, May was a lucrative month for the asset and its backers.
There was a recent attempt by LINK to break through the $18.78 critical level. This was the level that the bulls couldn't break through back in April. Due to the failure, the price dropped to $17.7, and further drops to $16.55 are feasible if the current trend continues.
However, LINK could recover from its recent losses and surge to $20 or even higher if it manages to break through this resistance.
