$LINK
$LINK At this point, I’ll be a bit cautious. The narrative hasn’t broken, but the short-term price action is clearly not as smooth as before.
The logic behind CCIP, oracles, and RWA is still there—the issue is that the market is not currently indiscriminately assigning valuations. When the broader market contracts on low volume, infrastructure coins are easily turned into “the logic is good, but the price first chops/works its way down.”
I’ll first see whether it can reclaim the strong zone. If it can’t, don’t rush to treat any rebound as a reversal. If it continues to press down with increasing volume, expectations should be brought down first.
#LINK #Chainlink #Risk control
$LINK At this point, I’ll be a bit cautious. The narrative hasn’t broken, but the short-term price action is clearly not as smooth as before.
The logic behind CCIP, oracles, and RWA is still there—the issue is that the market is not currently indiscriminately assigning valuations. When the broader market contracts on low volume, infrastructure coins are easily turned into “the logic is good, but the price first chops/works its way down.”
I’ll first see whether it can reclaim the strong zone. If it can’t, don’t rush to treat any rebound as a reversal. If it continues to press down with increasing volume, expectations should be brought down first.
#LINK #Chainlink #Risk control
