Chainlink Tests Critical Support as Exchange Supply Hits 2-Year Low
Chainlink’s price action tells a sobering story despite fundamentally bullish developments. The oracle network’s token tumbled from December highs of $19.25 to current levels near $15.12, representing a devastating 23.9% monthly decline that wiped out the entire November rally. What’s particularly interesting is how this selloff materialized even as exchange supplies hit 2-year lows – typically a bullish signal indicating holder conviction. The main question for traders is: will the combination of oversold technicals and improving fundamentals finally halt this decline at crucial support?
