Chainlink Struggles to Break $15 Resistance Despite High Market Optimism
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Chainlink (LINK) faces challenges in breaking above the critical $15 resistance, despite high market optimism among LINK holders. The recent integration of Proof of Reserve (PoR) with 21Shares’ Ethereum ETFs improved transparency but had minimal effect on LINK's price. The weighted sentiment remains bullish, but investor actions do not align with this optimism. Participation from LINK holders has declined, with daily active addresses dropping significantly. Price trading is currently at $13.60, and although it remains above key support levels, breaching $15 continues to be a challenge.
Source: beincrypto.com ↗
