LINK in the Danger Zone: 17% Price Plunge Looms as Bearish Sentiment Intensifies
Chainlink's native token LINK is staring down a brutal sell-off as market structure cracks under pressure. The oracle network's asset—once a darling of the DeFi boom—now faces its steepest decline since the 2022 bear market.
Technical breakdown accelerates
Chartists are flashing red alerts as critical support levels evaporate. That 17% downside target isn't just a worst-case scenario—it's becoming the base case for traders bailing on the asset.
Institutional players are quietly rotating into Bitcoin ETFs (because nothing says 'risk management' like chasing ATHs while ignoring fundamentals). Meanwhile, LINK's utility narrative gets tested as smart contract activity flatlines. The oracle wars aren't over—but for now, the bears are writing the headlines.
