Chainlink (LINK) is currently testing a key support level as its momentum continues to decline. The cryptocurrency is hovering around the $9 mark, with analysts keeping a close eye on whether it will revisit the $8.08 level.
Many traders are closely monitoring Chainlink’s price movements, as a drop below $8.08 could signal further downside for the cryptocurrency. However, if Chainlink is able to hold above this level, it may have a chance to regain some of its lost momentum.
Overall, the cryptocurrency market is facing some uncertainty as investors weigh the impact of recent market developments. It remains to be seen whether Chainlink will be able to maintain its current levels or if it will revisit the $8.08 support level in the near future.