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ChainLink is trading at a critical level of demand as the entire crypto market faces increasing sales pressure and uncertainty. After weeks of volatility and shortcomings, the Bulls continued to struggle to regain control, and the Link could not surpass the main levels of resistance. Still, there are early signs that the worst may be delayed. Price action is beginning to stabilize, and some traders believe that current consolidation could lay the foundation for the recovery phase.
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However, not all signals are bullish. According to data on the chain from Santiment, the whales have sold over 170 million links in the past three weeks. This important spill from large owners has encouraged speculation that additional shortcomings may still exist. Whale behavior is often a key indicator of broader market sentiment, and continuing sales from top wallets may reflect a lack of confidence in the short-term price outlook.
Sales pressure appears to be declining for now, but the market remains cautious. For ChainLink to be free from this uncertainty, the Bulls will need to defend their current support and regain their key level. Until then, whale activity and broader market sentiment will continue to play a major role in determining the next move for the link.
ChainLink integrates with critical support as a whale sales cloud outlook
ChainLink has fallen 17% since March 26th, and its price action remains uncertain as it consolidates beyond its critical demand zones. The broader crypto market continues to suffer from volatility and macro-driven sales pressure, but links are particularly vulnerable. Analysts are increasingly expressing concern about potential deeper corrections, citing weak momentum and continued bearish sentiment across risky assets.
The fear of extended shortcomings remains high, and many traders are reluctant to return until a clearer bull signal appears. The entire crypto landscape is affected by economic instability and market indecisiveness, and chain links are no exception.
Still, some believe that links have room for recovery. The project continues to expand its role in the Decentralized Financial (DEFI) space with stable development and increased adoption of its Oracle infrastructure. These long-term foundations offer the hope that once current market pressures fade away, chain links could become one of the first altcoins to rebound.
However, in addition to uncertainty, whale activity indicators are bothering. Crypto analyst Ali Martinez recently shared on X that Whales have sold over 170 million links in the past three weeks. This heavy distribution supports a general bearish trend, suggesting that key holders are still unsure about the imminent recovery.
For now, all eyes remain on whether the link can retain its current support zone. The lower breaks could open the door for further losses, but higher levels of bounce and recovery could ultimately mark the beginning of the recovery phase. Until then, market participants have stepped in carefully to balance the chain link between durability and potential turnaround.
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The Bulls’ struggle as they fight to avoid further losses
ChainLink (LINK) is trading at $13.1 after failing to regain the $15 level, reflecting its continued weakness after weeks of sales pressure. A refusal from $15 left the bull in a defensive position, with price action floating just above the main demand zone. To regain control and see the start of the recovery rally, the link should not only exceed its current level, but also give up on the 200-day moving average (MA) and exponential moving average (EMA), both of which must be sitting around $17.2.
These moving averages represent important resistance, with only clean breakouts above them showing a change in momentum. Until then, links will remain even more vulnerable to the downside, especially when the market situation is vulnerable. If the Bulls fail to defend the $13 zone, a drop to $10 is a likely scenario. This is a level that has not been tested since late 2023.
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The broader market uncertainty and the momentum of the overall altcoin has led to Linkholders watching carefully. Failure to retain current support could cause stronger sales pressure, but the success of pushing above $17.2 could pave the way for a stronger rebound. Future days may be crucial in determining whether ChainLink will stabilize or continue its downward pressure.
Dall-E special images, TradingView chart
