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Chainlink LINK Token Eyes Potential Rebound Following Major Token Unlock
Chainlink LINK Token Eyes Potential Rebound Following Major Token Unlock
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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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