Chainlink Price Prediction: LINK Near Cycle Lows Despite Growing Real-World DeFi Integration
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Chainlink (LINK) remains in a sustained downtrend, with a crucial support level at $7.24. Despite the integration of Ondo to enhance Chainlink's utility in DeFi, the price structure indicates bearish momentum, with recent lows around $8.40 and weak selling pressure. Overall, market indicators still suggest a bearish outlook for LINK.
- LINK remains in a confirmed downtrend, with $7.24 as the key support to defend.
- Cooling open interest and weaker exchange inflows suggest selling pressure is fading.
- Ondo integration expands Chainlink utility, but price structure still favors bears.
Chainlink faces renewed downside pressure as price action confirms a sustained bearish structure across the daily timeframe. After topping near the $26–$28 zone, LINK has continued printing lower highs and lower lows. Consequently, sellers have maintained firm control of momentum.
The latest breakdown below the prior consolidation range accelerated losses and pushed price toward $8.40. This level now sits just above a key structural floor. Meanwhile, derivatives data and exchange flows show cooling leverage and fading selling intensity, even as trend indicators still favor bears.
Bearish Structure Dominates Daily …
Read The Full Article Chainlink Price Prediction: LINK Near Cycle Lows Despite Growing Real-World DeFi Integration On Coin Edition.
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Chainlink Price Prediction: LINK Near Cycle Lows Despite Growing Real-World DeFi Integration
Share:
Chainlink (LINK) remains in a sustained downtrend, with a crucial support level at $7.24. Despite the integration of Ondo to enhance Chainlink's utility in DeFi, the price structure indicates bearish momentum, with recent lows around $8.40 and weak selling pressure. Overall, market indicators still suggest a bearish outlook for LINK.
- LINK remains in a confirmed downtrend, with $7.24 as the key support to defend.
- Cooling open interest and weaker exchange inflows suggest selling pressure is fading.
- Ondo integration expands Chainlink utility, but price structure still favors bears.
Chainlink faces renewed downside pressure as price action confirms a sustained bearish structure across the daily timeframe. After topping near the $26–$28 zone, LINK has continued printing lower highs and lower lows. Consequently, sellers have maintained firm control of momentum.
The latest breakdown below the prior consolidation range accelerated losses and pushed price toward $8.40. This level now sits just above a key structural floor. Meanwhile, derivatives data and exchange flows show cooling leverage and fading selling intensity, even as trend indicators still favor bears.
Bearish Structure Dominates Daily …
Read The Full Article Chainlink Price Prediction: LINK Near Cycle Lows Despite Growing Real-World DeFi Integration On Coin Edition.
In This News
Share:
In This News
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Read More
XRP Price Prediction: XRP Weakens at $1.35 Support Despite CEO’s $1T Ripple Target