BTCC / BTCC Square / Global Cryptocurrency /
Chainlink (LINK) Under Bearish Pressure as Market Sentiment Shifts Amid Economic Uncertainty

Chainlink (LINK) Under Bearish Pressure as Market Sentiment Shifts Amid Economic Uncertainty

Published:
2025-07-09 12:40:24
11
3
Chainlink LINK News -

Chainlink's price resilience faces challenges as macroeconomic factors and technical indicators align. The token declined 0.55% to $13.49 on July 9, revealing underlying weaknesses in its market structure.

Derivatives data shows a clear bearish bias, with $8.64 million in short positions surpassing $5.87 million in longs. The 0.935 Long/Short Ratio indicates most traders now anticipate further downside.

Technical analysts identify $12.70 as a crucial support level. A break below this point could trigger stop-loss orders, potentially accelerating the decline toward the $10.50 range - representing a 17% drop from current levels.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users