Chainlink Tests $12 Support as Falling Open Interest Signals Trader Caution
Key Highlights: Chainlink ($LINK) faces technical pressure after breaking below its multi-month ascending channel, testing an intraday low of $11.92 near its critical 0.5 Fibonacci retracement level. Derivatives metrics reveal an aggregate open interest drop of 7.25% to $275 million, accompanied by $2.03 million in long liquidations that made up roughly 97% of forced position ...