Chainlink (LINK) has faced a significant price drop of 40% over the past month and is currently trading above 18.00 USD. The MVRV Ratio shows that recent buyers are averaging a 16% loss, hinting at selling exhaustion.

In the last 24 hours, whales have amassed over 20 million USD worth of LINK, suggesting potential bullish sentiment. For LINK to confirm a trend reversal, it must surpass the 19.00 USD mark, while the critical support level stands at 15.50 USD.