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The broader digital currency ecosystem is still undergoing massive bearish consolidation, with Chainlink (LINK) price also in the spotlight. At the time of writing, LINK price was changing hands for $15.41, up marginally by 0.17% in the past 24 hours.
Bitcoin appears on the verge of losing the $85,000 level, which could trigger a cascading liquidation event. Will bulls show up to buy the dip and defend a critical support level?
The recent crypto market downturn has seriously affected tokens and is still enforcing turbulence. Its clear representation is the 30% crash in Chainlink (LINK) price.
Chainlink (LINK) continues to face significant challenges, with bearish pressure dominating the altcoin market. The recent decline in the broader crypto market, partially triggered by a $1.5 billion theft at Bybit, has further compounded LINK's struggles.
The overall cryptocurrency market appears bearish. Amid this, some investors saw an opportunity and accumulated tokens, while others panicked and sold their holdings.
The crypto market is no stranger to turbulence, and Chainlink (LINK) is currently caught in the eye of the storm. As bearish forces tighten their grip, prices are perilously close to testing the crucial $12.5 support level a threshold that could determine its fate in the coming days.
The crypto market plunged into the red, shaving off over $230 billion after President Donald Trump announced that tariffs on Canada and Mexico would be effective in March. As a result, market sentiment sank to extreme fear, with cryptocurrencies registering significant losses.
As Bitcoin slipped below $95.5k on Monday, Chainlink followed with a 7% decline, testing crucial support at $16. Despite decreased whale activity, LINK maintains strong development metrics.
Bitcoin price is at risk of falling from its current trading range and exploring new lows under $90,000. Can bulls turn the tide?
The price of Chainlink continues to face challenges amid the bearish pressure in the altcoin market, which has been triggered by a $1.5 billion theft at Bybit. Despite attempts by buyers to reverse the current downward trend, bearish forces dominate, pushing the price toward lower Fibonacci levels.
Stablecoin interoperability is becoming a major driving force for developers seeking to ease the cost and settlement burden of transactions.
The launch of Super USDT could significantly enhance liquidity and interoperability across blockchain networks, fostering a more unified DeFi ecosystem. The post Chainlink, Hyperlane, and Velodrome launch Super USDT to unify stablecoin liquidity across OP Superchain appeared first on Crypto Briefing.
Chainlink (LINK) is proving to be remarkably resilient in a challenging market. The digital asset stays at about $16.64, but recently its network reached a noteworthy milestone when 2,298 new addresses entered the ecosystem, signifying the most major increase since January.
Although the cryptocurrency market rally has stalled, the long-term outlook remains bullish, with analysts anticipating sustained gains for assets such as Bitcoin (BTC).
Chainlink is trading at crucial demand levels after days of consolidation below the $20 mark, struggling to reclaim momentum amid broader market uncertainty. The entire crypto market has faced heightened volatility and instability following weeks of selling pressure.
Chainlink price has crashed this year, continuing a trend that started in December when it peaked at a multi-year high of $30.78. Chainlink (LINK) dived to $17.4 on Saturday, down by 43% from its highest level in December.
Bitcoin is showing signs of strength by rallying within a hair of $100,000. Which altcoins will follow?
Chainlink (LINK) is flashing bearish signals as it forms a pennant pattern, hinting at a potential continuation of its downward trajectory. After struggling to gain bullish momentum, the price remains in consolidation, with sellers keeping a tight grip on the market.
The US-based crypto advocacy group Blockchain Association achieves a milestone by adding 16 prominent web3 projects, bringing total membership close to 100.
A widely followed crypto analyst says that decentralized oracle network Chainlink (LINK) is gearing up for a massive breakout. In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,400 followers on the social media platform X that LINK may increase by more than 194% its current value by early next year.
Chainlink (LINK) has been showing promising signs of resilience, especially in comparison to many of its high-cap counterparts. The digital asset recently dipped to $17.30 but has avoided a deeper correction, positioning it well for a possible rebound.
The altcoin recovery in the broader digital currency ecosystem is underway, and Chainlink (LINK) is riding the train high. Over the past 24 hours, Chainlink has flipped Stellar (XLM) in market cap rankings to reenter the top 10 list of the most capitalized coins.
Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced a steady decline in value, with its price slipping below key support levels.
Unlike its rivals, LINK has avoided deeper correction, giving it an added advantage.
