{"id":49729,"date":"2025-09-26T15:31:40","date_gmt":"2025-09-26T15:31:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49729"},"modified":"2025-09-26T15:31:40","modified_gmt":"2025-09-26T15:31:40","slug":"chainlinks-link-slips-to-6-week-low-but-potential-trend-shift-has-emerged","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49729","title":{"rendered":"Chainlink’s LINK Slips to 6-Week Low, but Potential Trend Shift Has Emerged"},"content":{"rendered":"
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Native token of oracle network Chainlink (LINK) has sunk to its weakest price since early August, giving up past weeks’ gains amid broader crypto market weakness.<\/p>\n

LINK dipped briefly below $20 multiple times overnight from Thursday to Friday, declining around 4% over the past 24 hours and down nearly 28% from the August highs.<\/p>\n

The move happened despite consistent buying activity. On Thursday, wealth management firm Caliber (CWD) bought<\/a> another $4 million in LINK tokens as part of its digital asset treasury strategy. With the latest purchase, the firm brought total LINK holdings to $10 million, according to the press release.<\/p>\n

The Chainlink Reserve, a facility that purchases tokens using revenue from protocol integrations and services, taking supply off from the open market, also bought<\/a> on Thursday nearly 47,903 LINK, worth just shy of $1 million at current prices. The initiative has purchased over 370,000 tokens ($7.5 million) since its August launch. <\/p>\n

Despite the bearish trend, LINK is showing signs of snapping its downtrend with buyers’ defending the $20 price level, CoinDesk Research’s technical analysis model suggested. However, bulls have to push through the subsequent resistance cluster around $20.57 for a more persistent trend shift.<\/p>\n