๐นChainlink (LINK) peaked at $8.46 on July 20.
๐นPrice declined, reaching $7.20 on Aug 4 (-15%).
๐นLong-term holders panic, selling off their positions.
๐นOn-chain data shows intense selling pressure from long-term holders.
๐นChainlink whales also reduce trading activity significantly.
๐นPotential bearish reversal if price drops below $6.50 support level.
๐นBullish rebound possible if long-investors stop selling and break resistance at $8.
๐นPrice declined, reaching $7.20 on Aug 4 (-15%).
๐นLong-term holders panic, selling off their positions.
๐นOn-chain data shows intense selling pressure from long-term holders.
๐นChainlink whales also reduce trading activity significantly.
๐นPotential bearish reversal if price drops below $6.50 support level.
๐นBullish rebound possible if long-investors stop selling and break resistance at $8.