Cryptocurrency analyst Michael van de Poppe commented on the recent correction, saying that Chainlink (LINK) has fallen below $ 4.06- $ 4.15 after rising to $ 4.92.

Worried Level For Chainlink (LINK)

Analyst Michael van de Poppe, also known as ‘Crypto Michael’, expressed his views on Chainlink falling from $ 4.92 to $ 4.50, where it is currently trading.

Describing this retreat unhealthy after the previous increase, the analyst warned that if the $ 4.06-4.15 regions are seen, there will be bigger problems. However, according to the analyst, the fact that the prices remain above the mentioned levels may enable the rise to continue.

Chainlink Adoption Increasing

Chainlink announced that it has started to be used in a regional area in South Korea. Chainlink will be used to find and verify patients’ non-chain health data. This use case will allow doctors and patients to easily manage and share clinical records. These statements are believed to be a reason for LINK’s recent rise.

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