After a red weekly chart, Chainlink [LINK] once again turned bullish as its daily chart turned green. Therefore, AMBCrypto dug deeper and assessed the

Chainlink [LINK] had a bearish week as its price dropped by 1.2%. However, the token showed signs of recovery in the last 24 hours with a 2.5% price hike. At press time, LINK was trading at $21.73 with a market capitalization of over $13.8 billion.
Thanks to the latest price increase, over 478k LINK addresses were “in the money,” which accounted for nearly 68% of the total number of Chainlink addresses.
However, the price hike in the last 24 hours didn’t have a positive impact on the token’s social metrics. Notably, LINK’s Weighted Sentiment declined sharply, which was a clear indication of rising bearish sentiment.
Moreover, Chainlink’s Social Volume also declined last week, reflecting a dip in the token’s popularity.
output: Chainlink [LINK] had a bearish week as its price dropped by 1.2%. However, the token showed signs of recovery in the last 24 hours with a 2.5% price hike. At press time, LINK was trading at $21.73 with a market capitalization of over $13.8 billion.
Thanks to the latest price increase, over 478k LINK addresses were “in the money,” which accounted for nearly 68% of the total number of Chainlink addresses, as per IntoTheBlock.
However, the price hike in the last 24 hours didn’t have a positive impact on the token’s social metrics. Notably, LINK’s Weighted Sentiment declined sharply, which was a clear indication of rising bearish sentiment.
Additionally, Chainlink’s Social Volume also declined last week, reflecting a dip in the token’s popularity.
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