Chainlink's Price Plunge: Is it Time to Buy?

Chainlink's price currently stands at $8.78 USD, a significant drop from its 12-month high of $26.75 USD set on August 23rd, 2025.

Despite this decline, the oracle network has shown resilience, with its price recovering almost 10% over the past 30 days and remaining the fifteenth-largest cryptocurrency by market value at $6.57 billion USD.

The question remains: is Chainlink a good buy at current prices, or is the market pricing it correctly after a year of heavy losses?

Technical analysis suggests that the trend has not turned yet, with the 200-day exponential moving average still above the current price. However, the recovery from the July low indicates that real buyers have entered the market.