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Chainlink price drops below 100-day average to $11.11 amid rising short positions on OKX.

Technical Signals
02 Nov 2026, 21:30 WIB
CryptoTicker
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Bearish
Chainlink price drops below 100-day average to $11.11 amid rising short positions on OKX.

Chainlink (LINK) fell 3.2% to $11.11 on November 2, dropping below its 100-day moving average of $11.36. The decline is driven by increased short positions on the OKX exchange, where the long-short ratio dropped from 3.18 to 2.10 since October 24. Despite positive news about partnerships and infrastructure development, the price is under pressure and may test support levels at $10.60 and $10.03 (the 200-day line). The market shows no signs of overheating, but the trend remains uncertain as traders watch if LINK can recover above the 100-day average.

Chainlink (LINK) is trading at Rp200.911 on Pluang as of Nov 03, 2026 02:42 WIB, down 3.30% in one day, closely mirroring the article's reported 3.2% drop in USD terms. Despite this decline, the market shows a balanced order activity with 59% Buy and 41% Sell, and a typical hold time of 64 days, indicating moderate investor confidence. LINK's current price sits well within its trading range, with no immediate signs of extreme volatility on Pluang.

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