The LINK token fell 8.12% on September 28, 2024, the same day Chainlink launched its CCIP 2.0 protocol. The token broke below the rising trendline support established in mid-September. The $12 area represents a key technical level, with multiple candle wicks approaching it over the past two weeks. Technical indicators show heightened sell pressure and a possible retracement toward the 78.6% Fibonacci retracement level at $11.72. LINK had peaked at $15.77 following the CCIP 2.0 announcement before pulling back 18.4%, affected by October’s broader crypto market correction.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
