📉 Chainlink ($LINK ) is “swaying” around the 50-day EMA

LINK has just dropped ~2%, retreating close to the 50-day EMA at $22.15, leaving traders in a state of unease. Whales have sold over 84.98 million LINK in just one day, causing the market to feel a bit “suffocated.” Meanwhile, open interest decreased by 3% to $1.32 billion, but the funding rate remains high, meaning the bulls haven't completely given up yet 🐂.

In summary: LINK is trapped in a symmetrical triangle – if it breaks below the 50-day EMA, it may drop to $20.68; if it holds, it will test resistance at $23.65 and dream of $25+. The question now is “Does LINK choose the love triangle or the pressure triangle?” 🤔

⚠️ This article is for fun and not investment advice. If you happen to be “chasing LINK,” remember to stay calm and add a pinch of salt to lessen the bitterness. 😆

#Chainlink #LINKPrice #CryptoWhales #MarketUpdate #NotFinancialAdvice