With crypto red across the board today, we took a look at Chainlink. Chainlink was enjoying a nice green candle as BTC was falling below 9500 and ETH pressed 188.

Chainlink, like many alts, has retraced 23% of its recent decline. We have seen altcoins make significant moves to test their respective 23% Fib numbers - and then fail.

So, it's excellent that Chainlink is up on a day everything else is down. It has to make another significant advance before we can see that the Chainlink rally is anything other than a bear market rally.

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