Chainlink (LINK) encounters persistent obstacles, with bearish sentiment prevailing in the altcoin market. The recent downturn in the broader cryptocurrency sector, exacerbated by a staggering $1.5 billion theft at Bybit, has intensified LINK’s difficulties. As traders assess the situation, the price action continues to reflect the overwhelming selling pressure, leaving many speculating on the long-term stability of Chainlink’s support levels. Investors are closely monitoring LINK as it hovers around the critical support level of 15.5, which could determine its next trajectory. While uncertainty looms, the cryptocurrency community remains hopeful for a recovery that could shift the market’s sentiment.