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Chainlink (LINK) Shows Signs of Exhaustion as Profit-Taking Pressures Mount
Chainlink (LINK) Shows Signs of Exhaustion as Profit-Taking Pressures Mount
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Chainlink LINK News - Chainlink's extended uptrend faces potential reversal as on-chain metrics and technical indicators signal weakening momentum. The token has declined 9% over the past week, with 87.4% of circulating supply currently in profit—a historically precarious level that preceded previous corrections. The Chaikin Money Flow's drop into negative territory for the first time since early August confirms diminishing buying pressure. LINK's price action now mirrors July's pattern when similar profit-taking triggered a 19% decline, suggesting traders may be preparing for another pullback.
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