Investors entered a sell-off frenzy after Chainlink (LINK) price lost the critical 7% support level on May 1. But on-chain data suggest that bullish stakeholders may now have their sights set on a bullish LINK price prediction. 

Chainlink looks set for a price rebound, as social media opinions have fluctuated wildly in recent weeks. But will it be enough to move the needle for investors to pile on more demand?

Chainlink Social Media Perception Fluctuates 

After trending negatively since March, the social media perception surrounding Chainlink turned positive for the first time on May 8.

This could be attributed to the recent partnership announcements that will see Chainlink price feeds integrated into Prime Protocol and MakerDao-backed Spark Protocol. 

As the news filtered across social media, the Weighted Sentiment spiked in positive figures reaching 0.25 on May 8. While it has since dropped to -0.75 on May 10, investors could interpret this wild fluctuation as a premise for a positive LINK price prediction. 

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Author: Ibrahim Ajibade

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