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

Chainlink's LINK token has plunged nearly 5% over 24 hours, breaking below $14.50 as sellers dominated the market. The price fell from $15.26 to a low of $14.40 amid a dramatic selloff characterized by a 118% increase in trading volume. The Chainlink Reserve has added 74,049 tokens, now holding over 800,000 LINK, but remains at a 27% unrealized loss as its average acquisition cost is around $20. The breakdown signals a bearish momentum following a three-wave liquidation cascade, with key resistance now set around $15.00 to $15.26. Immediate support is noted at $14.40–$14.50, and a loss of this zone could lead the token towards $14.20, while the struggle to reclaim $15.00 continues to be pivotal for short-term recovery.

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