Chainlink (LINK) has faced significant volatility this week. Its price dropped over 13% from Monday’s high, bringing LINK to a critical support level of around $11.20. Traders and investors are closely monitoring this crucial area. Related Reading: LINK Surges 11% As Key Data Reveals Day Traders Are Locking Gains The importance of this level is further emphasized by on-chain data from Santiment, which shows that demand for LINK is cooling off. This adds to the uncertainty surrounding the asset’s near-term price action. The next few days will be pivotal as Chainlink hovers around this crucial support. The outcome here could determine whether LINK stabilizes and regains its footing or faces further downside. This level will likely set the stage for LINK’s next major move, making it a critical point of interest for market participants. Chainlink Demand Cooling Off? Uncertainty and fear are currently driving market sentiment for Chainlink (LINK). Its price is testing a crucial support level amid declining demand. On-chain data from Santiment highlights a weakening market. A negative price-daily active address (DAA) divergence confirm ..
Support the originator by clicking the read the rest link below.
 Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals){kind=link}