Chainlink Bears Target $20: Will Bulls Hold Support?

Chainlink experienced a sharp decline, dropping over 9% to trade around $23. The market saw significant liquidations with nearly $12.24 million in LINK-related trades. This contributed to the broader crypto market cap shedding over 2.99%, settling at $3.8 trillion. The sell-off was not isolated; even established assets like Bitcoin and Ethereum saw price reductions, indicating a more widespread bearish trend. Notably, Chainlink’s 9.27% drop over the past 24 hours paints a concerning picture for bulls.