Family, hold on tight because the crypto oracle is sending us a signal we can't ignore! 📉 If you thought the market was calm, Chainlink just broke the support at $12.50 and things are looking grim. This is not just any drop; LINK plummeted by 5.10% in a single day, hitting our portfolios harder than the market average.

Looking at the 12-hour chart I'm sharing, the situation is as clear as water: we were bouncing in a channel, but that red candle left us screaming. The price is desperately seeking the floor at $12.46, and if it doesn't hold there, the next destination is $11.93. It's a textbook technical breakdown that triggered all the stop-losses of the traders who were trading with leverage, adding more fuel to the fire of the drop. 🔥

Why is this happening to us right now?

There are no coincidences here; there are clear factors that are taking a toll on us:

  • The "Sell the News" effect: LINK launched its new 24/5 stock data feeds on over 40 networks. Sounds incredible, right? It is. But in this world, many buy the rumor and sell as soon as the news comes out. Big traders took their profits and left the rest of the market holding the bag. 💸

  • Fear in the air: The global market is scared. With the U.S. Supreme Court delaying decisions on tariffs and trade tensions escalating, people are rushing to gold and leaving cryptos aside. When Bitcoin sneezes, LINK catches a cold, and with over $150 million liquidated in BTC, the pressure was too much. 🏛️

  • Red indicators: The MACD is in negative territory, and although the RSI tells us that LINK is "cheap" (oversold), we still don't see buyers with enough strength to reverse the trend. Buying volume decreased by 32%, which means that interest in entering right now is at a low.

The street analysis

We are facing a "triple threat": macroeconomic fear, profit-taking from those who arrived early, and a technical structure that broke like glass. In the long term, Chainlink being the backbone of financial data remains a solid bet, but in the short term, the sentiment is pure caution. ⚠️

Is the support at $11.93 the definitive floor for loading up or are we facing the beginning of a longer winter for LINK?$LINK