Chainlink’s current price stands at 18.84 USD, reflecting a challenging market environment. The crucial resistance level to surpass is 19.23 USD; otherwise, a drop to 17.31 USD could invalidate any bullish prospects.

The number of active addresses has hit a two-month low of 3,400, indicating a decline in trading activity. The MVRV ratio rests at -15%, suggesting potential buying opportunities for long-term investors.