11/12/2025
155 words
1 min read
LINK Drops 4% as Chainlink ETF News Fails to Push Break of Technical Resistance
- LINK
- MARKET
- TRADING
- MARKETS
- AI MARKET INSIGHTS
- CHAINLINK
- NEWS
Overview
The oracle token LINK experienced a decline of 4% as it faced selling pressure around the price point of $16.25. This downturn occurred simultaneously with a notable drop in the broader cryptocurrency market.
What Happened
LINK’s price faced resistance at $16.25, leading to increased selling activity. This resistance coincided with a broader market decline, which likely contributed to the downward movement of LINK. Despite any developments related to Chainlink, the market conditions did not support a breakthrough of the technical resistance level.
Impact on the crypto market
- LINK’s decline reflects broader trends in the cryptocurrency market.
- Increased selling pressure can indicate a lack of confidence among investors.
- The inability to surpass technical resistance levels may signal caution among traders.
- The overall market decline suggests a challenging environment for cryptocurrencies.
- Developments related to Chainlink did not result in positive momentum for LINK in the current market conditions.
Updated: 11/12/2025, 8:27:08 PM
