Chainlink Price and Market Volatility
Chainlink has been increasingly bullish over the past week, as evidenced by the sharp increase in its trading price. Despite the current market correction, LINK has seen a sharp increase of 2% over the past seven days.
This upward trend is part of a broader volatility trend observed in the chart, where LINK’s price briefly peaked at $15.00 before retreating to its current position.
Chainlink hit an all-time high of $52.88 on May 10, 2021, but has since retreated sharply, dropping a massive 73% from its peak. Conversely, LINK has seen a remarkable recovery of more than 11,104% from its all-time low of $0.1263 on September 23, 2017. This week’s price action started at $13.88, showing a strong rebound from the trough, before encountering resistance that limited gains at $15.00.
