Chainlink (LINK) Faces Downside Pressure After Breaking Critical $14 Support Level

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-05 19:10:13

Chainlink LINK News -

Chainlink’s native token LINK has fallen below the key $14 support level, indicating potential further declines toward $13. The asset struggled to maintain midweek recovery attempts, consistently forming lower highs and lower lows throughout the trading period.

Technical indicators show bearish momentum strengthening, with both RSI and MACD signaling dwindling buyer interest. The breakdown below $13.70 now opens the door for additional downside pressure.

Market volatility has erased LINK’s early-week gains near $15, as sustained selling pressure overwhelmed recovery attempts. The token’s inability to hold ground during market turbulence underscores its current sensitivity to broader crypto market sentiment.

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