Chainlink tests critical support at $14.12 after 18.9% monthly decline. RWA momentum builds despite price weakness. Market structure shifts higher with technical compression between $13.60-$17.50. ApeX launches RWA perpetuals, Dusk adopts CCIP for regulated assets. Traders speculate on directional move as institutional integrations signal expanding utility.

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?