Chainlink (LINK) extends its decline, trading at above $18.00 on Wednesday amid volatility in the broader cryptocurrency market. Since Monday, the oracle token has lost 10% of its value, reinforcing the prevailing bearish outlook.
Chainlink (LINK) price is down by 2% at the time of writing on Friday, inching closer to its 50-day Exponential Moving Average (EMA) at $22.15.
Chainlink (LINK) is trending higher, exchanging hands above $23.00 on Monday, buoyed by news that Grayscale has filed with the United States (US) Securities & Exchange Commission (SEC) to launch a LINK exchange-traded fund (ETF).