Chainlink Technical Analysis: Sharp Drop and Selling Pressure
This comprehensive technical analysis for October 11, 2025, scrutinizes the recent price action of the Chainlink (LINK) token. Currently trading at $17.71, the token has experienced a sharp 20.51% drop, reflecting considerable market distress. A review of technical indicators reveals that significant selling pressure dominates the market, with most oscillators issuing a strong sell signal. We meticulously review the critical support levels that traders should monitor closely to identify potential reversal points or confirm the continuation of the current bearish trend over the immediate term.