Chainlink (LINK) is slipping toward the key support around $9.91 on Thursday after declining nearly 5% so far this week. Despite the recent pullback, improving on-chain metrics, with rising social dominance and trading volume, suggest bullish sentiment may be building for LINK.
Chainlink (LINK) price edges up to around $10 after surging nearly 10% so far this week and closing above key resistance levels. Institutional demand recovers, with spot Exchange Traded Funds (ETFs) recording inflows of over $500K on Wednesday after remaining quiet for two weeks.
Chainlink (LINK) hovers around $9.38 at the time of writing on Thursday. This comes as crypto investors bravely navigate the Middle East war, with the United States (US) and Israel ramping up attacks on Iran and sending jitters across global markets.