Chainlink Price Plummets, Raising Concerns of Potential Plunge to $8

Chainlink (LINK) is experiencing a sharp decline in the cryptocurrency market, triggering worries about a potential price drop to $8. The asset has dropped significantly over recent sessions, leading to nearly $700 million in liquidations. This downturn aligns with Chainlink’s inability to break through resistance at $16.19 since May 27th. The price of LINK fell to $13.40 on Saturday, its lowest point since early May.