Chainlink Faces Wave C Decline as Support Weakens

Chainlink may enter another corrective decline if wave B has topped, placing $11.90 support under renewed technical scrutiny. LINK's corrective structure points toward the 10.30–11.30 support zone if selling pressure breaks the initial support level. Gate leads LINK open interest, Binance dominates volume, and BingX records the most futures trades across the exchanges shown. Traders are watching for nearby support levels, Fibonacci resistance levels, and major exchanges activity in derivatives as Chainlink's corrective structure has become weaker. Wave B Completion Raises Downside Concerns Chainlink is showing signs of a possible bearish turn on the four-hour chart.

Source: Crypto Front News