Chainlink [LINK] is currently testing its crucial support level at 12.25 USD, influenced by bullish sentiment and weak on-chain signals, which signifies uncertainty in its price movement.
A breach of LINK’s year-long ascending trendline indicates potential downside targets at 10 USD and 7.50 USD. Recent analysis shows weak momentum despite a break above a descending trendline.
While whale participation in LINK has decreased by 1.41%, retail interest has grown with a 1.77% increase, hinting at a potential shift in market dynamics amidst declining address activity.
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