Despite rising prices, Chainlink faces growing bearish sentiment

Chainlink’s price ROSE over 2.5%, but bearish market sentiment persists. Even with a market cap of 13.8 billion USD, social metrics for LINK are declining, suggesting it is losing popularity among traders, highlighted by a sharp drop in Weighted Sentiment.

LINK’s recent upward Movement has brought 68% of addresses into profit. Analysts predict a potential rise to 29 USD, followed by hopes of hitting 50 USD soon. The increase in demand, indicated by more holdings outside exchanges, shows buyer interest revitalizing.