{"id":30982,"date":"2025-06-09T16:33:18","date_gmt":"2025-06-09T16:33:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30982"},"modified":"2025-06-09T16:33:18","modified_gmt":"2025-06-09T16:33:18","slug":"chainlinks-link-stages-v-shape-recovery-after-14-plunge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30982","title":{"rendered":"Chainlink&#8217;s LINK Stages V-Shape Recovery After 14% Plunge"},"content":{"rendered":"<div>\n<p>Chainlink LINK, the oracle network that helps bridging blockchain networks with external data, experienced significant price volatility in recent trading, recovering from a sharp 14.4% correction after finding strong support at $13.58.<\/p>\n<p>The recovery gained momentum through consecutive higher lows, potentially pointing to accumulation at lower levels. However, bitcoin&#8217;s BTC performance will likely dictate the next major move for altcoins such as LINK.<\/p>\n<p>LINK rose 1.4% over the past 24 hours in line with the price action of the broader digital asset market.<\/p>\n<p>The crypto market benchmark CoinDesk 20 Index was up 1.1%.<\/p>\n<p><strong>Technical Indicators Point to Continued Strength:<\/strong><\/p>\n<ul>\n<li>LINK experienced a sharp 14.4% correction from $13.972 to $13.557, followed by a strong recovery with high-volume support at $13.582.<\/li>\n<li>Notable resistance emerged at $13.960-13.970, where selling pressure intensified twice during the trading session.<\/li>\n<li>At 10:00 UTC, price action marked a decisive breakout with the highest volume of the period (1,061,645 LINK).<\/li>\n<li>A new trading range established between $13.800-13.950, indicating potential continuation of the uptrend if volume remains supportive.<\/li>\n<li>V-shaped recovery pattern formed with strong buying at the $13.785-13.790 support zone.<\/li>\n<li>The $13.830-13.840 range now establishes itself as a potential new support zone for continued upward movement.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink LINK, the oracle network that helps bridging blockchain networks with external data, experienced significant price volatility in recent trading, recovering from a sharp 14.4% correction after finding strong support at $13.58. The recovery gained momentum through consecutive higher lows, potentially pointing to accumulation at lower levels. However, bitcoin&#8217;s BTC performance will likely dictate the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30982","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30982"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30982\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}