Chainlink (LINK) has dropped below its crucial $15.60 support, continuing its decline to $14.30. The price is below the 100 and 200 EMAs, with RSI around 38, indicating sustained bearish momentum. If LINK fails to hold $14.30, it could fall to $11.95. Resistance levels are $15.60, $16.00, and $16.65. The number of addresses holding unrealized losses is growing, reflecting negative sentiment among LINK holders.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
