Chainlink’s current market struggles show a 26.80% decline over the last month. With whales potentially influencing prices, the crypto may face further drops before recovering.

Current indicators reveal a critical demand zone for LINK between $14.27 and $16.65. This area could either stabilize the price or witness further pressure from sellers.

Technical analyses utilizing Fibonacci retracement highlight upcoming support levels, indicating that if LINK drops near $14.52 while exhibiting oversold conditions, rebounds are possible.