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Chainlink’s $LINK price has seen a significant downturn, continuing a decline that began after reaching a multi-year high of $30.78 in December. The altcoin fell to $17.4, marking a 43% drop from its peak, in line with a broader market pullback among cryptocurrencies. Despite the downturn, Three critical factors that could fuel a price recovery for LINK in 2025. These include investor sentiment, Chainlink’s dominance in the Oracle industry, and strong technical indicators supporting a potential rebound. Chainlink Holders Show Confidence Amid Price Drop On-chain data indicates that many Chainlink holders are choosing not to sell their holdings, suggesting a bullish long-term outlook. CoinGlass data shows that LINK balances on centralized exchanges have dropped to 138.8 million, the lowest level since September. This decline from 160 million in December signals that investors are moving tokens into self-custody, reducing immediate selling pressure. Market optimism is also linked to speculation about regulatory developments. Analysts anticipate that the Securities and Exchange Commission (SEC) could approve a spot LINK exchange-traded fund (ETF) later this year. If approved, such a fund would attract institutional inflows, increasing demand and potentially pushing LINK’s price higher. Chainlink continues to dominate the Oracle network sector, securing a total value of $35 billion across its services. Competing projects such as Chronicle, Pyth, and RedStone lag significantly behind, reinforcing LINK’s market leadership. The project’s cross-chain interoperability protocol (CCIP) plays a crucial role in the tokenization of real-world assets, offering seamless connectivity across multiple blockchain networks.The growing adoption of CCIP strengthens Chainlink’s role in decentralized finance (DeFi) and institutional blockchain solutions. LINK Tests Key Support as Technicals Show Signs of Stabilization Chainlink’s price action has turned volatile, with the token testing a crucial accumulation zone between $14.50 and $15.50. Despite a sharp 43% decline since November 2024, LINK has managed to stay above its 100-week Exponential Moving Average (EMA), offering hope for a potential rebound. Technical indicators suggest oversold conditions, with the Relative Strength Index (RSI) dropping to 29.60. Analysts believe this could lead to a short-term recovery if buying pressure increases, and LINK could potentially hit $50. The price recently dipped below the key support zone but has shown signs of stabilization, indicating possible accumulation by investors. If LINK holds this range, a move toward the 200-day EMA at $18.09 and the 50-day EMA at $19.78 is possible. A further push could take the token to $21.72, aligning with historical resistance levels. However, failure to maintain support could expose LINK to deeper losses. Chainlink’s current price action aligns with a broader market downtrend, adding to uncertainty. Meanwhile, on-chain data reveals that nearly 610,000 LINK tokens were moved to exchanges within the last 24 hours, signaling increased selling pressure from large holders. If this trend continues, LINK could face additional downside risks. Despite the bearish sentiment, technical patterns suggest a possible bullish breakout if LINK rebounds. Investors are closely watching for volume confirmation to determine whether the market is entering a reversal phase or continuing its decline.

In December 2024, Chainlink’s price reached a multi-year high, peaking at $30.78. Since then, its price has been on a downtrend, putting investors on edge. At the time of writing, on February 22nd, Chainlink’s price has fallen by 43% and is hovering around $17.4. However, broader market analysis thinks this sharp decline is not concerning and is part of the current slump that has gripped the market. Some analysts claim that the token might bounce back in the later part of this year. Here is why: Is A Rebound Coming? According to data presented by LINK, holders have not released the coin abruptly in the market. Subsequently, CoinGlass’s data suggests that the exchanges’ balances are falling. Data shows that the balance has fallen to just 138.8 million LINK coins. This is the lowest since last September, when the balance fell to 160 million. Which subsequently turned into a major peak. The gradual decline of the centralized exchange balances shows investors are optimistic about the coin. As a result, they hold the coin in the hopes of maximizing profit. Sources suggest this is primarily because most investors expect the US Securities and Exchange Commission or SEC to approve spot LINK ETF. This approval will mean a lot as it can skyrocket the token’s price. Another factor that could cause a rebound is how LINK has positioned itself in the market. At the time of writing, LINK is one of the biggest oracle networks. This network has secured a total value of $35 billion. LINK is much bigger than Oracle networks like RedStone, Pyth, and Chronicle. Furthermore, LINK is also a pioneer in the real-world asset tokenization industry, using its cross-chain interoperability protocol (CCIP). Therefore, these factors could skyrocket the token’s price in the coming month(s). Pricing Analysis LINK is currently showing strong technicals. The weekly chart shows that the token is hovering slightly over the 100-week Exponential Moving Average despite crashing by 43%. Analysts claim that the initial rebound target of the token would be $30, followed by a retracement point of $35. Then again, the market is volatile, and pricing can go either way, so keep your hopes tempered. The post Invest Or Not: Chainlink Price Can Hit A Rebound In The Coming Month(s) appeared first on Coinfomania.

🚨 $PYTH /USDT SHORTTRADE ALERT! 🚨 Current Price: $0.2405 📈 +11.55% 📊 Market Insights: $PYTH has shown strong volatility, hitting a high of $0.2642 before pulling back. The rejection from resistance suggests a potential short setup, with bears looking to drive prices lower. 📌 Key Levels: 🔹 Resistance: $0.2500 - $0.2600 (Sell zone) 🔹 Support: $0.2350 - $0.2280 (Demand area) 📉 Trade Strategy: 🔸 Short Entry: $0.2420 - $0.2450 (If price fails to reclaim resistance) 🔸 Stop Loss: $0.2550 (Above recent highs) 🎯 Targets: ✅ TP1: $0.2350 ✅ TP2: $0.2280 ✅ TP3: $0.2200

As the market gears up for the biggest bull rally savvy investors are turning to innovative altcoins like Pyth Network, Sei, and Celestia. These projects offer cutting-edge blockchain solutions and scalability for decentralized finance, data feeds, and custom applications. With their unique value propositions, these altcoins are poised for significant growth in the upcoming market surge. Source: Coinmarketcap Pyth Network functions as a decentralized data product which distributes precise real-time financial data to decentralized applications (dApps) across multiple blockchain platforms. Through direct access to data from market-leading industry exchange players and market makers and financial institutions operating as its first-party oracle source Pyth delivers dependable information. The network provides its subscribers with over 380 price feeds which operate with low latency and support assets from cryptocurrency to equity to commodity to FX pairs. Source: Coinmarketcap Sei serves as a blockchain solution that specifically enhances decentralized exchange (DEX) operational performance. The Layer 1 blockchain solution of Sei specifically focuses on DEXes to resolve their scaling limitations and reliability and speed issues. The enhanced key attributes within the Sei blockchain system enable DEXes to operate without facing catastrophic failures and maintain continuous operations in high-speed trading scenarios. Sei demonstrates a dedication to carbon neutrality and joins the rising crypto industry efforts focused on environmental responsibility. Source: Coinmarketcap Celestia builds unique blockchain infrastructure by using its flexible modular framework which lets developers launch personal blockchain networks at reduced implementation costs. Through its separation of execution from consensus Celestia offers users superior scalability which surpasses traditional monolithic blockchain systems. The modular structure gives developers the capability to produce settlement and execution environments custom-made for different use cases despite maintaining security standards. Through its support of both specific-application and general-purpose blockchain environments Celestia stands out as a prime solution for developers who want to dictate application rules. The secure decentralized validator network provides customized blockchains with high security levels powering more blockchain innovations and experiments. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

❤️ THIS POST AND I WILL SHARE NEXT 10X GEM COIN #PYTH DAILY TIMEFRAME UPDATE (ON DEMAND) The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities. ANY THOUGHTS ON $PYTH ?