Chainlink (LINK) has experienced a notable decline with concerns about a potential drop below $10 or a reversal.
The downtrend in LINK's price, forming lower highs and lower lows, suggests continued volatility and potential further downside.
Key support levels to watch are $12-$13, with a potential break below leading to a target of $10 or lower.
Early signs of stabilization include RSI nearing the oversold zone and the slowing down of the bearish trend, but a true reversal requires a break above $17-$18.