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Chainlink LINK Faces Critical $15 Resistance as Market Watches for Next Move
Chainlink LINK Faces Critical $15 Resistance as Market Watches for Next Move
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Chainlink LINK News -
Chainlink's LINK token has struggled to maintain momentum following its June rally, with $15 emerging as a crucial resistance level. On-chain data shows significant investor accumulation at this price point, creating a strong supply barrier.
The token has exhibited notable volatility, dropping from $16 to $11.20 in late June before stabilizing around $13. crypto analyst Ali Martinez emphasizes the importance of the $15 zone, where concentrated holdings could determine LINK's next directional move.
Market structure currently indicates heightened sensitivity to both breakout and breakdown scenarios in the coming weeks, making this a pivotal moment for LINK's price action.
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