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Chainlink (LINK) Struggles at Key Resistance as $10 Support Test Looms
Chainlink (LINK) Struggles at Key Resistance as $10 Support Test Looms
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Chainlink LINK News -
Chainlink (LINK) has stumbled at a critical technical level, failing to maintain upward momentum above the $18 resistance zone. A 16% price decline reflects weakening bullish sentiment, with analysts cautioning that further downside may emerge if broader market conditions remain unstable.
Technical analyst Ali Martinez points to the failed breakout attempt, noting deteriorating price structure. The cryptocurrency now appears poised to test lower support levels, with the $10 zone emerging as a potential downside target before any sustained recovery. Traders are reevaluating positions as risk of additional downward movement increases.
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