Chainlink, known by its ticker LINK, has recently faced considerable selling pressure that has pushed its price down significantly. The token experienced a decline of 26.80% over the past month, sparking concerns among investors. As the price hovers around a demand zone of $14.27, analysts are closely monitoring market movements. This overselling creates potential buying opportunities, but many investors remain cautious due to the current market conditions. The ongoing price struggles raise questions about Chainlink’s short-term resilience and long-term prospects in the competitive crypto landscape. Stakeholders are urged to keep an eye on any signs of recovery as market dynamics unfold.