Chainlink’s price has experienced a slight decline, trading around the $17 mark. Despite this dip, LINK’s trading volume has increased by over 16%, reflecting heightened activity in the market. While most digital assets struggle in the red zone, Chainlink has shown resilience, with an initial drop to a bottom range of $17.33 before recovering slightly to around $17.45 currently. The overall market sentiment remains fear-driven, as evidenced by the Fear and Greed Index value hovering at 29. 8 16% increase in trading volume highlights this activity. Notably, Coinglass data reveals a liquidation of $3.59 million worth of LINK within the last 24 hours, indicating significant player activity. However, reports suggest that whales have been accumulating LINK, potentially hinting at a potential bullish trend.