$LINK is under heavy pressure, dropping nearly 8% and currently trading around $16.65. The price has fallen sharply from a recent high of $19.55, showing strong bearish momentum. Candles are deep red, and the increasing volume confirms aggressive selling. Earlier, it hit a low of $16.44 — a key level to watch. If this support fails, we could see more downside in the short term. There's no clear reversal yet, so jumping in early could be risky. Bulls need a strong push to regain control. For now, the trend favors the bears. Patience is key — let the market show direction.