Overview
- LINK has dropped roughly 49% from its August peak, trading near $13–$14 after touching an intraday low of $13.45 on Monday.
- The daily chart nears a death cross and tests the lower edge of a multi‑year symmetrical triangle as weekly structure turned bearish after losing $15.44 and $14.56.
- Trading activity jumped sharply, with 24‑hour volume reported up 59% to over $837 million and other analyses noting a doubling in daily turnover.
- Chainlink‑linked DeFi activity has cooled, with TVL down to about $608 million from roughly $1.13 billion in late August and reported weekly fees falling 45%.
- Nansen data shows whale addresses increased holdings about 20% to 2.06 million LINK over the past week, while traders watch support around $11.77–$10.97 and a possible multi‑year floor near $8.50.