Altcoin News

Chainlink Bears Found a Weak Link As Rally and Interest Wane

After seeing an exponential price rally that took its price from USD 1.4 after crypto’s Black Thursday in March, to almost USD 9 in mid-July, chainlink (LINK) now finally appears to be taking a breather, with fading Google search interest putting a damper on sentiment.

At the time of writing, (09:47 UTC), LINK, ranked 9th by market capitalization, traded at a price of USD 7.22, down 3.6% over the past 24 hours and around 10% percent in a week. However, the fall still represents little more than a minor correction given the rise of more than 500% since its Black Thursday low.

LINK price chart:

Meanwhile, according to Google Trends, search interest for the term ‘chainlink’ is now almost back at the level from July 11, after seeing a peak in interest on July 13.

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