Chainlink (LINK) Price Drops Below $9.50 on Fed Decision
The post Chainlink (LINK) Price Drops Below $9.50 on Fed Decision appeared on BitcoinEthereumNews.com.
Key Highlights Chainlink (LINK) has dropped by 6.6% after a recent rally in the cryptocurrency, declining its value to $9.20 The drop has directed the token below major crucial support zones that had been created near $9.50 on the daily timeframe The project also partnered to co-launch a tokenized private credit fund that brings proven traditional investments onto the blockchain with secure data checks provided by Chainlink oracles On March 18, Chainlink (LINK) plunged by 6.6%, dropping its value $9.96 to $9.20 despite the growth in perps volume. At the time of writing, the price of Chainlink revolves around $9.23 with a market capitalization of $6.54 billion and a daily trading volume of $709.72 million, according to CoinMarketCap. Chainlink (LINK) Price Re-enters Consolidation Zone This price drop comes after a steady selling pressure, after facing a major consolidation zone. The drop has sent the token below important crucial support zones that had been created near $9.50 on the daily timeframe. There are technical indicators with the Relative Strength Index moving out of balanced territory and daily moving averages beginning to lean downward after a stretch of mixed readings. On the technical side, the daily chart showed the Relative Strength Index moving lower from neutral territory, while the price returned back from recent resistance near $10. This kind of price movement mostly happens after a quick climb when buyers take a pause, and some holders decide to secure profits. The high trading activity is showing active participation from both regular investors and larger players. On the daily chart, LINK has broken below key support at $9.50, which shows bearish momentum after failing to rally. Indicators like RSI are showing a neutral state to oversold. This suggests short-term exhaustion in selling pressure. $LINK – Chainlink – Waiting for this ancient beyotch to…
Filed under: News - @ March 19, 2026 7:28 am