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Chainlink LINK Hits $13.4 Resistance as On-Chain Metrics Hint at Pullback
Chainlink LINK Hits $13.4 Resistance as On-Chain Metrics Hint at Pullback
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Chainlink LINK News -
Chainlink's 13% weekly rally has met stiff resistance at $13.4, with on-chain indicators suggesting a potential local top. The rebound from June's $10.94 low—initially driven by geopolitical factors—now shows fading momentum as holders take profits rather than accumulate.
Exchange inflows and dormant token movements reveal short-term concerns. Significant dormant circulation spikes during March and June price recoveries suggest long-term holders remain skeptical about the rally's durability. The market now approaches a crucial inflection point where bullish speculation confronts strong technical resistance.
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