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

Chainlink (LINK) has experienced a significant decline, falling nearly 5% within 24 hours and dipping below $14.50 as selling pressure intensified. The token dropped from $15.26 to $14.73, marking its lowest price since late October. Trading volume surged to 3.32 million tokens, with a notable 118% increase compared to the daily average, indicating increased selling activity. Despite this downturn, the Chainlink Reserve acquired an additional 74,049 LINK, boosting its total holdings to over 800,000 tokens, although it remains at a 27% unrealized loss. Current technical analysis suggests that if LINK fails to hold the $14.40-$14.50 support zone, it may decline further towards $14.20, while reclaiming $15.00 is crucial for restoring short-term momentum. Key resistance levels to watch are at $15.00 and $15.26.

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