ChainLink Volume Plunges 63% Amid Price Pullback

ChainLink (LINK) has seen a significant drop in trading volume over the past day, with futures activity plummeting by as much as 63.14% on some exchanges.

The decline in participation comes after ChainLink's strong rally over the past month, which saw the asset gain 28.80% in value over the past 30 days and 95.49% over 90 days.

Despite this pullback, the broader trend remains intact, with ChainLink's price remaining well above its major moving averages, including the 200-day average near $10.50.

The Relative Strength Index (RSI) has also cooled from overbought territory, easing some of the pressure that built during the rally.