Crypto
Chainlink Price Plummets Amid Aggressive Selling, Bulls Hold Structural Advantage
Chainlink's price has taken a hit, plummeting 4.49% to $13.74 due to aggressive sellers overpowering buyers.
The current structure remains bullish, with all major moving averages below the current price, but the intraday rejection at $14.49 is a warning sign.
Traders who chased the breakout above $14.27 got burned, and that supply zone has been reinforced with fresh trapped longs.
The MACD histogram has flatlined at zero, indicating a momentum stall or potential reversal.