Chainlink LINK Faces Oracle Glitch, Market Eyes Rebound as Qubetics Gains Momentum

On May 30, Chainlink’s oracle system experienced a technical failure, causing a series of liquidations totaling $532,000 within three minutes. This glitch led to a 7.77% drop in LINK’s price to $14.54, sparking renewed discussions about the reliability of decentralized oracles under network stress.

Market indicators now suggest a potential rebound. Liquidation patterns reveal heavy short positioning, setting the stage for a possible short squeeze. Analysts are watching key resistance levels as Chainlink’s infrastructure demonstrates resilience.

While chainlink dominates the news, Qubetics’ presale progress highlights shifting investor interests. The interoperability project’s wallet solutions are gaining traction, offering a contrast to Chainlink’s public challenges.