Chainlink (LINK) remains under pressure after another week of losses, but traders are now watching closely to see whether the token has finally established a short-term bottom at $7.04. At the time of writing, LINK was trading at $7.29 after falling 7.2% over the past seven days and 3.29% over the past 24 hours. Earlier, the cryptocurrency slipped to a low of $7.04 before recovering to $7.29. The decline has extended LINK’s monthly loss to 22.6%, while the token is down 45.4% over the past year. Strong network developments continue despite weak price action While LINK’s chart remains under pressure, activity across the Chainlink ecosystem continues to expand.
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