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Why Chainlink Price Faces More Pain Amid Overvaluation Risks Coingape 29 aug. 2024

Why Chainlink Price Faces More Pain Amid Overvaluation Risks 📉

Chainlink LINK

Chainlink price is in a precarious position as price action got rejected at the $12.50 mark. LINK now risks dropping 48% if the market conditions do not change because the recent price rejection completed a multi-month bearish reversal pattern. On-chain metrics support a heavy crash ahead for the Oracle service provider unless general market conditions improve.

Bron: coingape.com ↗

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