Chainlink Price Slips as Trendline Looms and Whale Transfers $26M

Chainlink's price has been declining over the past day, currently trading at $11.845, down 4.91% from its previous level.

The cryptocurrency is approaching a trendline that it previously rejected, which could be a critical moment for investors.

A large whale recently sent $26 million worth of LINK to Coinbase, sparking questions about potential selling pressure.

Technical analysis suggests that if Chainlink breaks and closes above the trendline at $12.795, it could shift momentum in favor of buyers and potentially reach a target of $15.042.