Chainlink Price Plunges Amidst Whale Activity: Can LINK Bounce Back?

Chainlink (LINK) has experienced a significant price drop, dropping around 10% in the past 24 hours to hover near $14. The decline comes after testing a long-term support line and an unexpected sale by a large investor who offloaded millions of tokens across various cryptocurrencies like UNI, LINK, PENDLE, AAVE, and AERO, resulting in a loss of $4 million. While the price shows signs of resilience near its long-term trendline, experts are keeping a close watch on exchange reserve levels and potential bearish signals.