Chainlink (LINK) Price News: Plunges 5% as Sellers Dominate. Can It Reclaim $15?

Chainlink's LINK experienced a nearly 5% decline, dropping from $15.26 to below $14.50 amidst a broad market selloff. This decline marked its lowest point since late October, driven by a volume surge of 118% above average, indicating strong selling pressure. The token broke through key support levels, with technical analysis indicating that $15 had flipped to resistance. Despite these losses, the Chainlink Reserve added 74,049 LINK tokens, raising its total holdings to over 800,000, albeit at an average acquisition cost near $20, leading to a 27% unrealized loss. Current trading dynamics suggest a tighter risk window; failure to hold the $14.40–$14.50 support could open further downside to $14.20, while regaining $15.00 is essential for short-term recovery. Traders are watching critical support around $14.40 and $14.50, with resistance still at $15 and $15.26.

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