Chainlink transactions have crashed 92.6%, falling from 5.2 million to 386,600, while the number of users dropped from 2,700 to 1,000. Despite this on-chain weakness, LINK climbed 3.36% over the past day, holding above the critical $8.69 level. The Accumulation/Distribution indicator shows accumulation at its highest since May 12, and the Parabolic SAR remains clearly bullish with its dots printing below price. A liquidation cluster around $8.1 could pull price lower, but this would represent nothing more than a retracement before a potential next upswing.
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