Chainlink LINK News: Price Struggles to Maintain Position Above $26, But Buying Interest Remains High

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Over the past 24 hours, Chainlink (LINK) has been facing challenges in maintaining its price above $26. Despite these difficulties, buyers remain optimistic as LINK's price shows potential for further increase. Currently, the price is comparable to early January levels, indicating a possible buying opportunity. The fear/greed index has risen to 61, signaling a greedy sentiment among investors. Additionally, LINK's trading volume has significantly increased by 111% in the last day, totaling $1.26 billion. Since mid-December, LINK has been on a downward trend, falling from a high of $31 to around $18 last week. However, strong buying interest and market activity suggest that the price is within a potential buying range. Furthermore, LINK's market capitalization has grown by 8.23% in the last 24 hours, reaching $16.8 billion, indicating a positive market sentiment for the cryptocurrency.