Chainlink (LINK): Bears Take Control, LINK's Future Bleak?
The Chainlink (LINK) cryptocurrency has dropped significantly in 2025 so far, with bears sending the asset down 32% in the past month alone. After a solid end to 2024, investors were bullish on LINK entering the new year. However, the cryptocurrency has failed to pick up any steam. Over the past week, the Chainlink (LINK) token crashed 11%, reflecting the entire market’s struggle, where Bitcoin has dropped below $100k. Though this is happening under the impact of various macroeconomic events, the concern is more about its continuity. Multiple positive catalysts have come for the crypto market in 2025, including a pro-crypto US government judicial administration. The market has shown signs of potential but is still warming up. LINK, meanwhile, appears cold as ever. LINK’s struggles indicate that bulls are still attempting to defend key support levels. Nevertheless, without a strong surge in buying pressure, the risk of a breakdown remains high. A further fall below $17 resistance levels...