Assessing the odds of Chainlink establishing an uptrend in the near future
The crypto market witnessed one of its worst dips on 4 December. On that day, almost all the coins ended up shedding 20% to 30% of their value. While most of them continue to remain in their sluggish zone, a few have managed to bounce back.
LINK is one of the few coins to have recorded three green candles in a row. In fact, at the time of writing, it was noted that this alt had fetched investors double-digit returns [around 11%] over the past day. However, the likes of BTC and ADA, and SOL had lost 4%-5% of their daily value.
Source: CoinMarketCap
Well, the initial leg of any rally post a downtrend is always associated with a sense of gloominess and un-surety. Market participants often find it a task to find the right time to enter the market.
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