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Chainlink at Make-or-Break Point: Will LINK Explode Next?

Chainlink at Make-or-Break Point: Will LINK Explode Next?
Chainlink at Make-or-Break Point: Will LINK Explode Next?

Key notes

  • LINK is down 6% daily, 32% monthly, and is trading near $15.14.
  • Whale wallets add over 147,000 links (~$2.3 million total).
  • LINK launches the ACE Partner Ecosystem for the first time with TRM Labs and more as partners.

Despite collapsing nearly 6% over the past 24 hours,

connection
$14.80



24-hour fluctuations:
8.3%


Market value:
$10.32 billion



Vol. 24 hours:
$1.48 billion

It continues to attract significant on-chain accumulation while testing a key support level. The token is trading at around $15.14, down a massive 32% over the past month.

Two new wallets, including one that pulled 98,000 links worth about $1.57 million, accumulated tokens for an average entry of about $16.45, according to The Data Nerd. Another wallet added nearly 50,000 links worth $736,000.


$14-15 area: a decisive test for bulls

Analyst Ali Martinez highlighted the $14-$15 range as a make-or-break zone for LINK’s long-term structure. The price is currently hovering around the $15.14 area, just above the 0.618 Fibonacci retracement levels at $15.07, a level that has historically served as a strong demand zone.

Maintaining the $14-15 area could confirm a bounce towards $20 and possibly extend to $27-46, making LINK the next cryptocurrency to explode. However, failure to hold above $15 would invalidate the uptrend and open the door for deeper corrections towards $12 or even $10.

The daily chart shows an extended downtrend channel, with LINK repeatedly rejected at its upper boundary. The RSI is near 34, while the MACD indicates that selling pressure may be close to exhaustion.

However, the Bollinger Bands are also narrowing, indicating that a breakout may be imminent. Martinez did He added Any decline below $15 will be a “golden buy zone” for the LINK token.

Chainlink ACE Launch: Strengthening Fundamentals

The price drop comes on the heels of the emergence of the Chainlink Automated Compliance Engine (ACE) partner ecosystem, a consortium of more than 20 compliance providers, frameworks, and blockchain networks.

This initiative integrates identity verification, risk management, and regulatory reporting directly into on-chain systems, positioning ACE as the industry standard for enterprise-level compliance.

The Chainlink ACE Partner Ecosystem establishes ACE as the industry standard for on-chain compliance, unifying identity, risk and regulatory infrastructure into the most complete, modular and enterprise-grade compliance network for digital assets.

It also boasts partners like Chainalogy, TRM Labs, Hypernative, and Kaiko, as well as blockchain networks like Ethereum forInstitutions, Linea, and Taiko.

the next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.

Chainlink (LINK) News, Cryptocurrency News, News


A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the world of cryptocurrencies and finance, amassing industry experience having survived both bear and bull markets over the years. Barth is also the author of four self-published books.

Parth Dubey on LinkedIn


The post Chainlink at Make-or-Break Point: Will LINK Explode Next? first appeared on Investorempires.com.

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