The post Chainlink Price Prediction For March 30 appeared on BitcoinEthereumNews.com.

Over the past 24 hours, the price of Chainlink (LINK) has been facing a strong selling pressure as it continues to consolidate below $14. Sellers have gained control, aiming for a hold below immediate Fib levels. The fear/greed index has surged, now showing a fear sentiment at level 24. Meanwhile, Chainlink’s trading volume has dropped by 15.18% in the last 24 hours, reaching $262 million. Looking at the longer trend, LINK’s price has been declining since mid-December, dropping from a high of $31 to about $15 on 3 February. In recent weeks, LINK price has been facing minor volatility as it aims for a hold above $15. In the last 24 hours, its market capitalization has dropped by 1.6%, hitting $9 billion. LINK Faces Rising Bearish Threat   Chainlink (LINK) continues to struggle under intense selling pressure, with sellers successfully suppressing the price beneath the critical $14 mark. The past 24 hours have seen intensified bearish activity, placing significant strain on LINK’s price action. According to recent data from Coinglass, approximately $949K worth of LINK positions were liquidated over the past day, with long positions suffering the most at around $858K. In comparison, short liquidations totaled just $91K, clearly illustrating the sellers’ current dominance in the market. Further underscoring the bearish environment, trading interest in Chainlink has also diminished. Open interest, which measures the total outstanding trading positions, dropped by 0.7% to $488 million over the past 24 hours. Additionally, the funding rate has turned negative, currently sitting at -0.0127%, strengthening the potential for continued bearish momentum in the short term. Chainlink Price Prediction: Technical Analysis Chainlink (LINK) recently faced significant selling pressure after failing to hold above the critical $14 resistance mark, leading to a sharp downturn and a period of consolidation near $13. Currently trading around $13.73, LINK has…

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Filed under: News - @ March 30, 2025 9:16 am