Chainlink Faces Critical Demand Level Amid Market Pressure
- Chainlink (LINK) is currently trading at $12.8, facing significant selling pressure.
- The critical demand wall for LINK is at $6.26, with about 90,000 investors holding 376 million tokens.
- Bulls have defended the $12.3 support level, a key short-term victory.
- A breakout above $14.6 is needed to confirm a recovery rally.
- If the $12.3 level fails, the next support could be near $10.
Chainlink’s ability to maintain its demand wall at $6.26 is crucial as it consolidates amidst broader market uncertainty and geopolitical tensions affecting investor confidence.
Source (2.6)https://www.newsbtc.com/chainlink-news/massive-chainlink-demand-wall-at-6-26-as-90k-investors-buy-376m-link/?rand=52377
