LINK was trading at $1.78 in the initial hours of the day, today. With several falls it went as low as $1.74. Since, 04:40 UTC, the coin seems to have gained back its pace and started to maintain an upward motion. The highest trading price for the day until the time of penning down was $1.86 but, it could not maintain its efficiency and started to recede slowly. The coin at present indicates a bearish run which we anticipate it to be the reason of the declining market trend.
LINK to USD Price Analysis:
Chainlink reflects a bearish trend by 2.33% when compared to the highest price of $1.86 today which was at 05:58 UTC.
We feel that as per the trend observed, LINK prices may continue to fall marginally today and can reach close to $1.78.
We strongly recommend purchasing the new coins as per the current trend of LINK as it is advisable to retain the coin from a long-term perspective.