Will Chainlink Bounce Back From Its Slump? Major Supply Wall Ahead | Crypto Briefing

Key Takeaways

  • Chainlink recently suffered a steep correction that seems to have been held by the 23.6% Fibonacci retracement level
  • Although LINK was able to bounce off this support barrier, there is a massive supply wall ahead that may prevent it from advancing further
  • A spike in the selling pressure behind the decentralized oracles token could see it drop towards $6

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