Chainlink Price Plunges Amid Market Turmoil: Rebound or More Bearish Trends Ahead?

Chainlink (LINK) price has experienced a notable decline in its market price, aligning with broader market downturns. Currently, the LINK is trading below key support levels, indicating a bearish trend. Despite efforts, Chainlink faces challenges in mounting a recovery, as it remains affected by the prevailing negative sentiment in the cryptocurrency market.