Chainlink $LINK just had an impressive "mountain climb - then sand slide": from a peak of 27.87 USD on August 8, it dropped to 23.5 USD after intense selling pressure.
💥The 25 USD mark is no longer the "promised land" but has become the "void land"
💥The bulls still believe in the upward trend as LINK remains in an upward price channel
💥The bears are lurking, waiting to break through 23.5 USD to pave the way to 20 USD
👉 Analysts say: if it holds at 23.5 USD, LINK could bounce back.
👉 But if it breaks? It might go below 20 USD.
🧠 In summary: Although short-term volatility still leans towards downside risks, the overall picture for Chainlink remains positive in the long term. The reasons are:
⚡️Technical pattern: Multi-year accumulation triangle is usually a strong signal for a new growth cycle.
🔑Fundamental factors: Continuous major partnerships (like with SBI Group) are expanding the practical applications of Chainlink, reinforcing the long-term value of the LINK token.
🚀If Alex Clay's "Ethereum 2.0" scenario comes true, Chainlink could become one of the strongest performing altcoins in the next cycle, with growth potential far exceeding the current price.
