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Chainlink (LINK) Shows Bearish Signals: Potential Drop to $13.30 Amid Market Uncertainty
Chainlink (LINK) Shows Bearish Signals: Potential Drop to $13.30 Amid Market Uncertainty
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Chainlink LINK News -
Chainlink (LINK) is under increasing bearish pressure as technical indicators suggest a possible decline to $13.30. Analysts have identified stealth distribution patterns, with Cumulative Volume Delta (CVD) dropping faster than the price—a clear sign of aggressive selling activity.
The 1-hour chart shows lower highs and consistent rejections NEAR $14.20, with VWAP acting as dynamic resistance. Market participants note a lack of buyer conviction during minor rebounds, as CVD fails to align with even modest price recoveries.
This situation unfolds amid broader crypto market uncertainty, where hidden distribution often precedes prolonged downtrends. LINK's 24-hour performance further confirms sustained selling pressure.
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