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Chainlink price drops 7.6% amid crypto market sell-off, despite rising long bets on OKX

Market News
06 Nov 2026, 03:17 WIB
CryptoTicker
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Bearish
Chainlink price drops 7.6% amid crypto market sell-off, despite rising long bets on OKX

On November 5, 2026, Chainlink's price fell 7.6% to around $10.69 due to a broad crypto market sell-off triggered by declines in chip and AI stocks on the Nasdaq. Despite the price drop, the number of long accounts betting on a price rebound on OKX increased to 2.59 long accounts per short, indicating many traders see the dip as a buying opportunity. The key support levels to watch are $10.26 and the 200-day moving average at $10.06; a break below these could lead to further declines. Investors should be cautious with leverage as liquidations amplified the fall, and consider regulatory and tax implications when buying Chainlink in Europe.

Chainlink is currently trading at Rp195.592 on Pluang, down 5.45% in the last day. The platform shows a balanced order activity with 53% buying and 47% selling as of Nov 06, 2026 08:32 WIB.

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