Trend Shift07CRYPTO2026-06-04

Chainlink drops to 90-day low in market-wide sell-off

Chainlink fell 7.53% on June 2 to close at $8.35, setting a new 90-day low close.
The drop occurred on elevated trading volume of 30.68 million units, indicating accelerated selling as key support levels were breached.
This represents a 10.8% decline over the past week, highlighting the persistent weakness in decentralized oracle tokens amid the broader altcoin retreat.

Supporting datasets

CoinDesk Indices: Single Tokens, Multi-Assets and Rates

Candlestick data for various CoinDesk indices

3 tables52.37 MB

Jun 13, 2026

Supporting queries

To surface this insight, Baselight ran 2 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.

Conclusion

Chainlink (LINK-USD) fell 7.53% from $9.03 on June 1 to $8.35 on June 2, on a volume of 30.68 million units. Its 7-day decline since May 26 stands at 10.84%. This represents the latest completed daily market cycle as of today, June 4, 2026.