Chainlink exhibits signs of accumulation, driven by increased institutional and retail interest, even as the price struggles. From almost 29.00 USD, LINK now trades at approximately 13.60 USD, indicating significant market pressure and hesitance among traders.
Trading volume has drastically decreased, showcasing the cautious sentiment in the market. If LINK cannot maintain support around 13.20 USD, it could face further declines, despite underlying accumulation signals through ETF inflows and reducing exchange reserves.
Leave a Reply