Chainlink price is bearish today, as the price made a failed attempt to break out of a horizontal trend that began in July 2021. LINK has dropped 6% over the past 24 hours, reaching a low of $6.18. The market is currently trapped in a sideways trend below the $7 mark, and a breakout would require more buying power to be added to the market. The market remains under the control of bears as the price hovers around the potential for a decline to $6 support for the next 24 hours. Chainlink trading volume tumbled 30% in the last 24 hours, whereas market capitalization dropped 4 percent to $2,886,697,304. The cryptocurrency market fell back into the hands of bears in the last 24 hours, with all major cryptocurrencies suffering significant losses in value. The larger cryptocurrency market fell into the hands of bears once again over the past 24 hours, with all major cryptocurrencies recording significant drops in value. Bitcoin dropped 4% to hit a low of $21,000, while Ethereum slid even further to $1,100. Cardano fell 4 percent to $0.46, whereas Ripple dropped 6 percent to $0.32. Dogecoin dropped 4 percent to $0.66 and Solana and Polkadot slid down to $36.94 and $6.83, respectively. Chainlink Technical Analysis on the 24-Hour Chart On the 24-hour candlestick chart for Chainlink technical analysis, the price falls into an extended sideways pattern after repeated rejections at the $7 mark. With its price unable to move above the $7 re...
