Chainlink Price Prediction: Will Fed Recognition And Oracle Strength Be Enough To Halt The Slide?

• Chainlink price today trades near $17.70, breaking below key EMAs as sellers target $17–$16.50 support.
• Net outflows of $14M highlight weak demand, with persistent selling pressure keeping LINK price volatility elevated.
• Analysts warn that failure to hold $17 could expose $15, while upside recovery hinges on reclaiming $19–$20.

Chainlink price today trades near $17.70, sliding more than 5% as selling pressure continues across the market. The drop has forced traders to focus on the $17–$16.50 support band, a level that aligns with both Fibonacci retracement and prior demand zones.

LINK Price Action Loses Momentum Below Key Levels

The LINK price action shows a decisive rejection from the 50-day EMA near $20.20. After failing to sustain above the 0.382 Fibonacci retracement level at $18.62, sellers drove the token ba…

Read The Full Article Chainlink Price Prediction: Will Fed Recognition And Oracle Strength Be Enough To Halt The Slide? On Coin Edition.