08:55
Chainlink rebounded strongly by 24% after Monday's crash, but upside potential may be limited: Technicals and liquidity under pressure
Chainlink (LINK) experienced a significant market correction this Monday, dropping to as low as $11.74. However, the price quickly rebounded and, as of press time, has risen approximately 24% from the low, currently trading at $14.61. Although the short-term recovery has been strong, the technical structure and liquidity distribution indicate that LINK’s upside potential may be limited.
Recently, LINK surged 15% within six days, reaching a high of $13.57, driven by ETF-related news and spot buying. However, the rapid reversal also revealed that its long-term trend remains weak. Although the daily chart turned bullish after breaking above $13.57, the overall trend has yet to fully reverse.
LINK-2.66%

