Chainlink Price Slumps 15%; Is Now the Right Time to Buy LINK?
The post Chainlink Price Slumps 15%; Is Now the Right Time to Buy LINK? appeared on BitcoinEthereumNews.com.
Chainlink (LINK) price has declined over 15% in the past 24 hours, reflecting broader crypto market struggles. The downturn follows significant liquidations, pushing Bitcoin below $100k. Despite the drop, LINK remains above the $20 support level. Investors are assessing whether this presents a buying opportunity or signals further downside amid ongoing volatility in early 2025’s crypto landscape. Chainlink Price Falls 15%; Is This a Buying Opportunity? Chainlink price has fallen by 15%, sparking discussions about a potential buying opportunity. The cryptocurrency started 2025 with sluggish momentum, which has led to mixed price predictions. Despite the recent dip, analysts remain largely optimistic about LINK’s long-term prospects, pointing to potential bullish signals. January ended positively for Chainlink, with the token climbing 15% after a weak start to the month. However, the past 24 hours have seen significant corrections across the crypto market. Many investors have faced liquidations as prices dropped sharply, contributing to uncertainty. LINK Price Could Surge as Stablecoin Issuer Adopts Key Services Chainlink price sees a boost as a major stablecoin issuer with $1.2 billion in assets integrates its infrastructure. Usually, the issuer of USD0 and USD0++ now utilizes Chainlink’s Price Feeds, Cross-Chain Interoperability Protocol (CCIP), and Proof of Reserve. This move enhances security and transparency in Usual’s ecosystem. Co-founder Adli Takkal Bataille emphasized the integration’s role in driving stablecoin adoption and enabling safe cross-chain transactions. The partnership highlights Chainlink’s growing influence in tokenized real-world assets and institutional finance. Chainlink Price Analysis LINK price hovered at $20.93, showing a decrease in the past 24 hours, with the cryptocurrency attempting to recover from recent losses. Technical indicators suggest a mixed outlook for Chainlink in the short term. The Relative Strength Index (RSI) is currently at 47, indicating that LINK is in a neutral zone. The Moving Average Convergence Divergence (MACD) shows…
Filed under: News - @ February 4, 2025 1:11 am