The Chainlink token, which appears to be a promising network, failed to complete its growth. As we approached the end of November, it started to fall on the charts and returned to May. It's now down 23%.

However, according to analysts, the problem with Chainlink is that it has not risen for a long time, rather than falling. This altcoin has not marked an all-time high despite many believing that the alt season is already here. Second, on a macro scale, LINK is only breaching the support line while still hovering in the $35 to $25 range. Third, the bottom price does not move more than 0.39% in a 6-month period. In the same period, altcoins such as Solana and even Shiba Inu caught significant outflows.

Although Chainlink is a promising crypto, it has dropped from #15 to press time position #19. and upset its investors. The speed is also constantly decreasing, as LINK has an average retention time of 2.7 years. That's why coins don't change hands very often. Furthermore, this has resulted in Long Term Holders holding 27% of the entire LINK supply.

With HODLing being the natural state of investors, active addresses are getting weaker day by day. In addition, as the price decreased, its ratio to addresses with balance decreased to 0.64%. On top of that, the continued active sale of LTH since May has resulted in increased supply on exchanges.

When we add up all these reasons, it becomes clear why Chainlink's network growth and market cap is quite low. Chainlink is down 33% in the last 10 days and is back to May levels. And the price will likely be near the $25 support line until the LINK market resets. If it drops further, the altcoin could soon break out of the top 20.