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Chainlink ($LINK) struggles near $10 as meme coins and presales draw investor attention away.

Market News
16 May 2026
The Currency Analytics
View Source
Bearish
pluang ai news

Chainlink's token $LINK is stuck near the $10 price level in May 2026, facing strong resistance and down about 40% year-to-date. This persistent price ceiling reflects investor hesitation amid growing interest in meme coins and crypto presales, which attract speculative capital with promises of quick gains and viral marketing. While Chainlink's technology and use case remain solid, the market currently favors newer, more hype-driven tokens, leaving $LINK in a range-bound trade. A decisive break above $10 with strong volume could renew buying interest, but for now, $LINK's recovery remains uncertain.

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