Chainlink up 30% following six-week downtrend and developer selloff
Chainlink up 30% following six-week downtrend and developer selloff

Following a six week downtrend from its all-time high, LINK has rebounded 30% in the past 24 hours after a reported developer selloff resulted in downward pressure on the oracle protocol token’s price.

The strong rebound in the price, a sea of green among DeFi coins and a new Chainlink partnership announcement have all contributed to the price increase.

Chart – Tradingview.com

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