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no one’s talking about this 🧠🔥: Chainlink bulls eyeing $15 crucial support as bearish pattern intensifies, while
yo LINK marines, brace yourselves for $15 support test, it’s make or break time, do or die, moon or rekt?! hod
bearish trend intensifies for Chainlink as $22 flips to resistance: potential drop to $15 may trigger bullish response, hinging on Bitcoin sentiment
Key takeaways 📝: The $15 level is crucial for Chainlink as it marks the lowest point of an ascending channel. If LINK falls to this support due to bearish momentum, recovery hinges on Bitcoin and market sentiment. On-chain data like holder accumulation rates suggest strong bullish sentiment.
Before the recent market crash, LINK’s bearish trend intensified, with $22 support turning into resistance. Analyst Ali Martinez’s chart analysis predicts a potential drop to $15, triggering a bullish response if the channel support holds.
Accumulation trends 📈: Decreasing exchange balances for LINK, Bitcoin, and Ethereum indicate accumulation. Holder accumulation ratio hitting 98.9% signals widespread accumulation, potentially leading to a significant uptrend. As accumulation continues, a forecast points to a potential rise to $46 if support holds. Percentage of supply held by top addresses also increasing, showing strong holder conviction despite recent price pullbacks.
Chainlink bearish pattern deepens – LINK bulls will get their chance at $15 IF…
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