Massive Chainlink Demand Wall At $6.26 As 90K Investors Buy 376M LINK
Chainlink is trading at critical demand levels amid ongoing pressure in the broader crypto market, influenced by fragile global financial conditions and geopolitical tensions. The key support zone for Chainlink is identified at $6.26, where significant buying interest exists. This level is crucial for bulls to defend to prevent further price declines. Chainlink has experienced a 17% drop since March 26, reflecting the overall market downturn, yet some analysts suggest that the worst may be over. Approximately 90,000 investors have accumulated around 376 million LINK tokens at the $6.26 level, indicating strong support that could stabilize prices. Despite warnings of potential deeper corrections, the reduced selling intensity and Chainlink's fundamentals in real-world asset tokenization may position it for a rebound if market sentiment improves.
