Well, butter my biscuit and call me a wizard, but Chainlink’s price has been doing the financial equivalent of the Hokey Pokey-it’s crashed for four weeks straight and landed on a support level so crucial, it’s practically wearing a crown. 🎩✨
- Chainlink’s price has nose-dived to a support level so important, it’s got its own fan club. 🎉
- Grayscale’s GLINK ETF is probably launching next week, because why not add more chaos to the mix? 🌪️
- LINK’s chart has formed a head-and-shoulders pattern, which is less fashionable than it sounds. 👔
The LINK token has plummeted to $12, its lowest since June, and is now 55% down from its yearly high. It’s like it forgot to pack its parachute. 🪂💸
Despite its strong fundamentals-Nansen data shows exchange supply dropped from 300 million to 213 million-LINK is still taking a beating. Investors aren’t dumping, but the price is acting like it’s been cursed by a grumpy witch. 🧙♀️🔮
Chainlink Reserves have also ballooned to 884,674 tokens ($11 million), thanks to on-chain and off-chain fees. The latest addition? 81,285 coins on November 20. It’s like they’re hoarding treasure for the apocalypse. 🏴☠️💰
Meanwhile, Eric Balchunas (Bloomberg’s ETF whisperer) reckons Grayscale’s GLNK ETF is launching next week. American investors are rubbing their hands with glee, but LINK’s price is still sulking in the corner. 🇺🇸📈
Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think
– Eric Balchunas (@EricBalchunas) November 21, 2025
And let’s not forget the Bitwise Chainlink ETF, which popped up on the Depository Trust & Clearing Corporation. It’s like ETFs are breeding in the wild. 🐣📊
Chainlink’s also riding the real-world asset tokenization wave, which hit $35.6 billion. As the biggest oracle, it’s basically the wizard behind the curtain. 🧙♂️🌍
Chainlink’s Price: A Technical Farce
The charts say LINK’s price might take another nosedive. It’s formed a head-and-shoulders pattern, which is less about fashion and more about doom. If it breaks the neckline, $10 might be the next stop. It’s like the price is auditioning for a tragedy. 🎭💔
The Relative Strength Index is pointing down, and the Supertrend indicator is giving it the side-eye. It’s below all moving averages, which is the financial equivalent of being stuck in quicksand. 🏜️⏳
But hey, if LINK jumps above $17.83 (its May high), all bets are off. It’s like the price is playing a game of “Will it, won’t it?” with investors’ sanity. 🎢🤪
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2025-11-23 17:12