Altcoins News
By Pankaj K
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LINK’s Struggles Amid Rising Selling Pressure. Over the past 24 hours, Chainlink has experienced notable long position liquidations, contributing…
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Declining Interest and Volatility. Interest in Chainlink trading has also declined, with open interest—a measure of outstanding…
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Where Does LINK Go From Here?. As of now, Chainlink is trading at $16.24, having fallen by 7.31% over the past 24 hours.
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The Road Ahead for Chainlink. Chainlink’s near-term price trajectory is uncertain, as the altcoin market remains under pressure…
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Chainlink (LINK) continues to face significant challenges, with bearish pressure dominating the altcoin market.
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Over the past 24 hours, Chainlink has experienced notable long position liquidations, contributing to the overall bearish sentiment. According to data from Coinglass, out of $2.
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Chainlink’s Netflow data from IntoTheBlock highlights the potential for further bearish pressure, with inflows exceeding outflows.
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In addition to these metrics, whale activity in LINK has decreased significantly. Large transaction volumes have fallen from a high of $139.52 million to just $25.
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Interest in Chainlink trading has also declined, with open interest—a measure of outstanding trading contracts—falling by 1.7% in just 24 hours.
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As of now, Chainlink is trading at $16.24, having fallen by 7.31% over the past 24 hours. The price has struggled to break through immediate resistance levels, with sellers…
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If Chainlink manages to hold above the $15.5 level, there is a chance it could form a base for a potential recovery, pushing the price back toward $20.
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Chainlink’s near-term price trajectory is uncertain, as the altcoin market remains under pressure and selling activity continues to dominate. A retest of the $15.
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For now, the market remains in a precarious state, and LINK traders should be cautious of further volatility.
The Currency Analytics
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