Chainlink (LINK) Faces Potential Declines Below $10

Chainlink's (LINK) price is under pressure, with weakening network activity and low user engagement signaling potential declines below $10. Despite recent partnerships, LINK's momentum has waned since Q2, facing increased selling pressure. The In/Out of Money Indicator suggests limited support around $10.52, with a potential drop to $9.72. Technical analysis shows LINK breaking out of a bearish pennant but struggling to maintain gains, further heightening the risk of declines.

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