Chainlink LINK Token Eyes Potential Rebound Following Major Token Unlock

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-22 19:10:13

Chainlink LINK News -

Chainlink's LINK token has dropped to a two-month low amid continued bearish pressure. The recent release of 17.8 million LINK tokens—historically a bearish signal—has instead fueled speculation of a price recovery. Data shows such unlocks often precede upward trends.

Analysts suggest the selling pressure may already be reflected in LINK's extended decline. The token remains under strain, falling 3% in 24 hours to $12.22. This marks an 8% weekly loss, bringing it NEAR the crucial $12 support level that has previously held during market downturns.

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