Chainlink Falls 20% What's Next for LINK Price?
Chainlink (LINK) price is in a bearish state at press time, down over 20% in the last 30 days as investors search for signs of recovery. LINK’s dropoff reflects technical breakdowns and broader crypto market weakness, compounded by trader liquidations and mixed sentiment around key Chainlink network developments. Its price action remains locked in a descending trendline, and traders are eyeing either a breakout or a further 20% decline. Several crypto experts and analysts on X (formerly Twitter) are discussing the current price of LINK. Several have indicated that now is a crucial point for the altcoin, while others believe it has strong upward potential. “LINK is on the verge of the abyss; if it doesn’t bounce off the $12.5 support, it will be in trouble,” said one LINK analyst on X. On the flip side, others suggest that not only is now a good time to buy the dip, but LINK’s current price zone has reignition potential. Chainlink LINK has fallen to $12.50, a dangerous ...