Chainlink (LINK) price recently experienced a significant drop, breaking below a key support level on the weekly timeframe. This has raised concerns among investors, who fear that the price could further decline by as much as 45%. Adding to the worries is the fact that LINK recently touched a 50-month low against Bitcoin (BTC), indicating weakness in the asset’s performance. Despite Chainlink’s strong fundamentals, investors remain cautious about the future trajectory of its price.
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Will Chainlink Price Crash 45% After Hitting A 50-Month Low Against BTC?
