Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Chainlink holds key $8.05 support, signaling possible price rebound amid bullish trader sentiment.

Technical Signals
03 Jun 2026
AMBCrypto
View Source
Bullish
pluang ai news

Chainlink (LINK) has reached a crucial support level at $8.05 after three days of decline, a level it has held since February 2026. Despite a recent 4.5% drop to $8.55, trading volume surged 31%, indicating strong market interest. On-chain data shows accumulation by investors as exchange reserves fell, while derivatives data reveal traders increasingly betting on price gains. If LINK stays above $8.05, a strong recovery similar to past rebounds is likely; falling below could trigger a significant decline. Current indicators suggest weakening bearish momentum and a slight advantage for bulls, pointing to a potential reversal.

More News (LINK)

Virtuals shifts $700M VIRTUAL token from LayerZero to Chainlink CCIP after security review.

Virtuals shifts $700M VIRTUAL token from LayerZero to Chainlink CCIP after security review.

Virtuals Protocol is migrating over $700 million worth of VIRTUAL token infrastructure from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following a security review triggered by a related exploit. This move reflects growing c...

Market News
Bullish
4 hours ago
Pleasing Market shifts $90M TVL from LayerZero to Chainlink for stronger security after recent exploits.

Pleasing Market shifts $90M TVL from LayerZero to Chainlink for stronger security after recent exploits.

Pleasing Market, a tokenized gold platform, has migrated $90 million in total value locked (TVL) from LayerZero to Chainlink following a thorough security review prompted by a $292 million exploit involving Kelp DAO and LayerZero. This move aligns Pl...

Protocol Fundamentals
Bullish
1 day ago
Major cryptocurrencies including Bitcoin and Ethereum drop over 4% amid market sell-off.

Major cryptocurrencies including Bitcoin and Ethereum drop over 4% amid market sell-off.

Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...

Technical Signals
Bearish
1 day ago
Bitcoin dips below $70K as Strategy's sale spooks investors; AI tokens surge amid DeFi slump.

Bitcoin dips below $70K as Strategy's sale spooks investors; AI tokens surge amid DeFi slump.

Bitcoin fell below $70,000 for the first time since April 7, dropping over 2% amid concerns triggered by Strategy's $2.5 million bitcoin sale, signaling potential further sell-offs. Ether also declined, while AI-related tokens like Humanity Protocol ...

Market News
Bearish
2 days ago
LINK trades near $9 amid technical weakness but gains from Mastercard crypto partnership.

LINK trades near $9 amid technical weakness but gains from Mastercard crypto partnership.

Chainlink's LINK token is trading around $9, down about 7% over two weeks despite a slight recent uptick. Technical indicators show short-term weakness with prices below the 20-day moving average and bearish MACD signals, suggesting potential further...

Market News
Neutral
3 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App