Chainlink’s LINK Token Tests Critical Support on Binance Amid Market Volatility
As of August 10, 2025, Chainlink's LINK token is facing a crucial test at the $15.14 support level following a 4% price drop to $15.92. This development comes amid broader market uncertainty, with traders closely monitoring Binance's order books where $98 million in LINK volume changed hands recently. Technical indicators present conflicting signals - while the RSI at 42.86 suggests neutral conditions, the MACD maintains its bearish momentum. The cryptocurrency community awaits either a decisive rebound or confirmation of further downside as LINK's price action approaches this make-or-break level.
LINK Price Nears Critical Support Level Amid Market Uncertainty
Chainlink's LINK token faces a pivotal moment as its price hovers NEAR the $15.14 support level after a 4% decline to $15.92. Market participants are closely watching for signs of either a rebound or further downside.
Technical indicators paint a mixed picture. The RSI at 42.86 suggests neutral conditions, while the MACD shows bearish momentum. Trading volume on Binance reached $98 million, indicating moderate investor interest despite the absence of major news catalysts.
The token's current trajectory appears driven by technical factors rather than fundamental developments. Analysts note the delicate balance between sellers and buyers could lead to continued consolidation in the near term.
Solana Plummets 15% Amid Binance's Strategic SOL Transfer
Solana (SOL) faced a steep 15% decline this week, erasing nearly a month of gains as Binance offloaded 110,000 SOL to Wintermute. The move, interpreted as tactical selling, coincided with stagnant prices at $180 and excessive retail leverage betting on a breakout to $200.
Liquidations hit $46 million on August 1—the highest since Q1—as SOL tests critical support at $160. Market sentiment soured rapidly, with the token's underperformance highlighting broader deleveraging pressures across crypto markets.
HBAR Price Stalls at Critical Juncture Amid Mixed Technical Signals
Hedera's HBAR hovers near $0.24, marking a 1.84% decline as technical indicators fail to establish clear directional momentum. Trading volume remains robust at $92 million on Binance, yet the absence of fundamental catalysts leaves markets in wait-and-see mode.
The RSI's neutral 50.19 reading reflects equilibrium between bulls and bears, while the MACD's converging lines suggest impending volatility. Traders eye the $0.24 support zone as a decisive battleground for HBAR's next major move.
NEAR Protocol Price Rebounds 8% as Institutional Buying Drives Recovery
NEAR Protocol's price has rebounded sharply, climbing 8.27% from a key support level at $2.52 to $2.73, fueled by institutional accumulation. The LAYER 1 blockchain now trades at $2.48, maintaining 3.04% daily gains as strategic buyers continue to shape its near-term trajectory.
Market momentum appears neutral with an RSI of 44.30, leaving room for further upside. The recovery coincides with a concluded governance vote to slash network inflation from 5% to 2.5%, a MOVE that may tighten tokenomics and enhance NEAR's appeal to institutional investors.
Binance spot markets show robust trading activity, reflecting growing confidence in NEAR's fundamentals. The protocol's ability to hold above critical support levels suggests institutional players are building positions for a potential sustained uptrend.
