Chainlink has been experiencing a lack of bullish momentum recently, leading to speculation about a potential drop in its price to $8. The cryptocurrency has been struggling to attract buyers, causing concern among investors.
Despite its previous highs, Chainlink’s price has been steadily declining, with bulls seemingly hesitant to push it higher. The lack of buying interest has raised doubts about the cryptocurrency’s ability to sustain its current levels.
If Chainlink fails to attract more buyers and support at key levels weakens, there is a possibility that its price could drop to $8. This scenario is worrying for investors who were hoping for a bullish trend in the near future.
As the market continues to fluctuate, Chainlink’s performance will be closely watched to see if it can regain momentum and avoid a major drop in price. Investors should stay informed and monitor the situation closely to make informed decisions about their investments in Chainlink.