Chainlink’s Rally Falters: Is This the Beginning of a Correction?

After a year-long surge that delivered gains exceeding 109%, Chainlink (LINK) experienced a significant drop in late August. The token saw a notable decrease of nearly 10% within just the last week, prompting traders to question whether its recent momentum has run its course. This decline comes on the heels of a period where LINK’s price enjoyed a powerful ascent, adding almost 70% only in the past three months.