Will Chainlink Avoid Further Losses?

Chainlink’s price currently hovers near the lower Bollinger Band at $14.04, suggesting increased market volatility. The key support level of $13 remains a critical area to watch as a potential break below could trigger deeper losses. Amidst this bearish trend, Chainlink secured a significant partnership with Abu Dhabi Global Market (ADGM) to advance blockchain adoption. However, the cryptocurrency’s price is currently facing fresh bear pressure.