Data Signals Major Red Flag As Chainlink (LINK) Rises 8% Over Last 7 Days

With a price increase of 8% over the last seven days, Chainlink (LINK) is currently one of the best performers on the crypto market, behind Litecoin (LTC) and BNB. Remarkably, the trading volume of LINK has dropped 20% in the last 24 hours to just $389 million.
Chainlink was trading at $6.66 at press time, showing a restrained bounce from the bottom of a channel that LINK has been in since early May. The lower bound of the channel is at $5.35, while key resistance for the LINK price is currently