Chainlink Price Plummets Amidst Oracle Glitch, Will LINK Recover?

Chainlink, a prominent player in the oracle sector, has experienced a significant price decline following an unexpected glitch in its oracle update. This incident resulted in over $532,000 in user funds being liquidated within just 180 seconds, sparking concerns about Chainlink’s short-term price trajectory. LINK prices have dropped by 7.79% in a single day, reaching $14.54. Investors are now actively analyzing on-chain data and LINK price trends to gauge the potential for future movement amidst this volatility. .