{"id":52031,"date":"2025-10-09T19:17:23","date_gmt":"2025-10-09T19:17:23","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52031"},"modified":"2025-10-09T19:17:23","modified_gmt":"2025-10-09T19:17:23","slug":"chainlinks-link-tumbles-4-as-selling-pressure-mounts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52031","title":{"rendered":"Chainlink&#8217;s LINK Tumbles 4% as Selling Pressure Mounts"},"content":{"rendered":"<div>\n<p>The native token of oracle network Chainlink (LINK) encountered substantial institutional selling pressure over the 24-hour trading session, tumbling to its weakest price in more than a week.<\/p>\n<p>LINK tumbled 4% to a session low of $21.30, reversing over 8% from Monday&#8217;s local high, CoinDesk data shows. The decline happened in line with weakness in the broader crypto market. The CoinDesk 20 Index, a benchmark for that broader market market, was also down around the same amount.<\/p>\n<p>Meanwhile, the <a href=\"https:\/\/metrics.chain.link\/reserve\">Chainlink Reserve<\/a>, a facility that purchases tokens on the open market using income from protocol integrations and services, kept its weekly habit, buying another 45,729 LINK worth nearly $1 million on Thursday. The reserve currently holds nearly $10 million worth of tokens.<\/p>\n<p>Thursday&#8217;s decline, however, meant that the vehicle is now underwater with LINK trading below the average cost basis of $22.44, the dashboard shows. <\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/5346ac4f9101e9725d1606394fc9d5af906d90d6-2558x854.png?auto=format\" alt=\"Chainlink Reserve activity (Chainlink)\" title=\"Chainlink Reserve activity (Chainlink)\"><\/p>\n<h4>Key technical indicators<\/h4>\n<p>CoinDesk Research&#8217;s technical model pointed out bearish momentum, underscoring the weakening investor sentiment.<\/p>\n<ul>\n<li>The token&#8217;s trading range expanded to $1.05, representing 5% volatility between the session low of $21.53 and peak of $22.68.<\/li>\n<li>Technical resistance materialized at the $22.68 level, where the token reversed course on exceptionally heavy volume of 1,981,247 units.<\/li>\n<li>Additional resistance formed at the $21.92 level.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong> <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> <em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em> <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>The native token of oracle network Chainlink (LINK) encountered substantial institutional selling pressure over the 24-hour trading session, tumbling to its weakest price in more than a week. LINK tumbled 4% to a session low of $21.30, reversing over 8% from Monday&#8217;s local high, CoinDesk data shows. The decline happened in line with weakness in [&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-52031","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\/52031","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=52031"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52031\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}