Chainlink Recovery
Chainlink’s LINK token has bounced back to $16.05 after dipping to $15, supported by a $2 million accumulation from Chainlink Reserve and easing inflation data. This recovery comes despite prevailing technical challenges faced by the oracle token. Institutional interest appears to be bolstering the price, countering bearish technical indicators that have influenced market sentiment. The recent accumulation by Chainlink Reserve reflects confidence in the asset, potentially stabilizing its price amidst the fluctuating market conditions. Analysts are observing these dynamics closely, as they may impact LINK’s future performance amid ongoing technical pressures.
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Last updated on November 9th, 2025 at 08:30 pm
