The post Chainlink Price Breaks Down—Is LINK Heading Back Into Its 2022–23 Accumulation Range? appeared first on Coinpedia Fintech News
The broader crypto market has slipped into a bearish phase, with Bitcoin dropping below $70,000 and giving up more than 50% from its cycle highs. As downside pressure builds across majors, Chainlink has also erased most of its 2024–25 gains, raising concerns that Chainlink’s price could drift back into the long consolidation range seen during 2022–23.
With price now losing key support levels, traders are watching closely to see whether LINK price enters another extended accumulation phase or if the current weakness marks a short-term corrective pullback that could eventually set the stage for a stronger rebound.
LINK Risks Re-Entering Its 2022–23 Accumulation Zone
Chainlink is starting to look vulnerable as the broader crypto market remains under pressure. After failing to hold the $11–$12 support zone, LINK has slipped lower
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