Chainlink ($LINK ) Market Update: Critical Support Tested Amid Institutional Momentum
$LINK is trading near $10.90**, down sharply from its September peak above **$13. The pullback coincides with the CLARITY Act's failure in the U.S. Senate, which triggered a broad crypto selloff . RSI has cooled to 46 from overbought levels above 80 in August, signaling momentum has reset .
Key Support: The $10.85–$10.90 zone is critical—it previously served as resistance before August's breakout. A daily close below $10.85** could open the door toward **$10 . Resistance sits at $11.50–$12 .
Mixed Signals: Whales accumulated 10.36M LINK (~$120M)** during the 17% correction, and the Chainlink Reserve bought **~$1.13M more . However, one tracked wallet deposited 2.41M LINK (~$26M) to Coinbase—a potential selling signal .
Institutional Growth: Circle's Arc L1 launched with Chainlink oracles from day one, and Saudi Awwal Bank signed a CCIP agreement .
Binance Trade Setup: Cautious long only if $LINK holds $10.85** with volume, targeting **$11.50–$12**, stop below **$10.60. If support breaks, stay flat.
Not financial advice.DYOR.
#LINK #analises #BINANCE
$LINK is trading near $10.90**, down sharply from its September peak above **$13. The pullback coincides with the CLARITY Act's failure in the U.S. Senate, which triggered a broad crypto selloff . RSI has cooled to 46 from overbought levels above 80 in August, signaling momentum has reset .
Key Support: The $10.85–$10.90 zone is critical—it previously served as resistance before August's breakout. A daily close below $10.85** could open the door toward **$10 . Resistance sits at $11.50–$12 .
Mixed Signals: Whales accumulated 10.36M LINK (~$120M)** during the 17% correction, and the Chainlink Reserve bought **~$1.13M more . However, one tracked wallet deposited 2.41M LINK (~$26M) to Coinbase—a potential selling signal .
Institutional Growth: Circle's Arc L1 launched with Chainlink oracles from day one, and Saudi Awwal Bank signed a CCIP agreement .
Binance Trade Setup: Cautious long only if $LINK holds $10.85** with volume, targeting **$11.50–$12**, stop below **$10.60. If support breaks, stay flat.
Not financial advice.DYOR.
#LINK #analises #BINANCE