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Chainlink (LINK) price plummets, triggering a wave of liquidations in the crypto market! Whales active, market turmoil!
Since the re-election of Donald Trump as president of the beautiful country, the cryptocurrency market has faced severe challenges, especially after Bitcoin encountered pressure at $88,000, leading the entire altcoin market into adjustment mode. Chainlink (LINK), as one of the major altcoins by market capitalization, has recently also fallen victim! Details of the price drop: Price down nearly 6%: As of March 28, 2025, the price of LINK has dropped to around $14.75. Liquidation tsunami: Due to market turmoil, whale trading activity has surged, causing a massive amount of liquidations, and market sentiment has become increasingly tense. Historical low crisis: Since the beginning of 2025, the price of LINK has been on a continuous downward trend, with the highs and lows on the daily chart consistently lowering. Future expectations: If the price remains below the resistance level of $16, it may retest the lower support level, around $13. However, if LINK can break through and close above $16, the bearish sentiment in the short term will be reversed, and bullish sentiment may regain control of the market. On-chain data and market sentiment are tense, investors should operate cautiously! In the current market environment, all eyes are on whether Chainlink can break through the key resistance level. If successful, it may usher in a wave of rebound! Market volatility is intensifying; seizing the opportunity depends on whether you can find the right rhythm! Are you ready for the next wave of market movements?

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