Key Takeaways (Or Should We Say, Key Sinkholes?)
Why is LINK acting like a deflating balloon at a grumpy clown’s party?
Whales and retail investors are fleeing faster than a fox in a henhouse, sending LINK tumbling 16.68% to $20.4. The downward spiral is as dramatic as a villain’s monologue! 💸💨
What price levels should traders watch? (Spoiler: It’s not looking sunny!)
LINK is clinging to $20 like a child to a lollipop, but if the selling continues, it might drop to $18.70. A daily close above $22.2? Now that’s as likely as a snowball surviving in the Sahara! ☀️❄️
Since hitting $25 last week, Chainlink [LINK] has been sliding down a slippery slope, hitting a low of $19. It’s like watching a soap opera, but with more tears and fewer love triangles! 🎭
At press time, LINK is trading at $20.4, a 16.68% nosedive over the past week. Investors are panic-selling like it’s the last lifeboat on the Titanic! 🚢🚨
Amid this financial fiasco, whales are jumping ship faster than you can say “sell, sell, sell!” 🏃♂️💦
Whales Dumping LINK Like It’s Hot Garbage
As LINK sinks, whales and retail traders are bailing out like it’s a sinking ship (which, let’s be honest, it kind of is). The Spot taker CVD is as red as a tomato, screaming “SELLERS RULE!” 🍅📉
Onchain Lens spotted two whales making a splash: one sold 233,094 LINK tokens for $4.85 million, then deposited 10k tokens into OKX. Another followed, dumping 163,990 LINK tokens worth $3.32 million. Together, they offloaded $8.17 million worth of LINK. Talk about a whale of a sale! 🐋💰
When whales sell during a downtrend, it’s either to lock in gains or avoid further losses. Either way, it’s a neon sign flashing “DANGER AHEAD!” 🚨⚠️
Retail Investors: “If Whales Jump, We Jump!”
With the big fish bailing, small-scale investors are following suit like lemmings off a cliff. According to Coinalyze, LINK recorded a negative Buy Sell Delta for three straight days, coinciding with price drops. It’s a domino effect, but with more tears! 🪨🎳
In the past day, LINK saw $6.3 million in Sell Volume compared to $4.8 million in Buy Volume, resulting in a negative Buy-Sell Delta of $1.5 million. That’s a lot of “sell” buttons being smashed! 💻🔨
Exchange activities are singing the same gloomy tune. CryptoQuant data shows LINK has recorded positive Exchange flow for three consecutive days, with a Netflow of 823.7k. It’s like everyone’s rushing to the exit! 🚪🏃♀️
Historically, when selling pressure dominates, prices drop faster than a lead balloon. Surprise, surprise! 🎈⬇️
Can LINK Hold $20? (Or Will It Go SPLAT?)
According to AMBCrypto’s analysis, LINK is declining faster than a politician’s approval rating. Its positive Directional Movement Index (DMI) fell to 13, while its negative index jumped to 21. Meanwhile, the Relative Vigor Index (RVGI) dropped to -0.24, confirming the downward momentum is stronger than a toddler’s tantrum! 😡📉
If sellers keep dominating, LINK will likely breach $20 and seek support around $18.70. But hey, who needs support when you’re free-falling? 🪂💥
For a bullish reversal, LINK needs to hold above $20 and close around $22.2. Then, it might target $24.49. But let’s be real, that’s about as likely as a pig flying first class! 🐖✈️
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2025-09-26 13:37