Chainlink’s Violent Rejection Leads it to Crucial Support; Will It Hold?

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Bitcoin has been stealing altcoins’ thunder over the past several hours, with many smaller tokens plummeting as BTC surges past $9,400 Chainlink, despite its overt strength, is one example of a token that has posted major losses over the past day This latest decline marks an extension of the downtrend that it has been caught within throughout the past few days It has now reached a crucial support level that bulls are attempting to defend The bounce it saw at this level proved to be fleeting, making it unclear as to where the crypto might trend next Chainlink is currently flashing some signs of weakness, with sellers cutting deep into the gains that the token posted throughout the past couple of weeks. After peaking at over $8.60, buyers have been unable to maintain the momentum that has been guiding it higher, with LINK now trading at a crucial support level…

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