đčChainlink (LINK) peaked at $8.46 on July 20.
đčPrice declined, reaching $7.20 on Aug 4 (-15%).
đčLong-term holders panic, selling off their positions.
đčOn-chain data shows intense selling pressure from long-term holders.
đčChainlink whales also reduce trading activity significantly.
đčPotential bearish reversal if price drops below $6.50 support level.
đčBullish rebound possible if long-investors stop selling and break resistance at $8.