ChainLink moves $ 149 million to Binance- Another gathering after the post-look? star-news.press/wp

ChainLink (Link) has been intense pressure, with more than 33 % of its value since the local heights were hit in May. A mixture of increasing tensions in the Middle East and uncertainty in the increasing macroeconomic economy – which extends due to the high US treasury revenues and cautious federal reserves – rocked the investor confidence across the encryption markets. In this environment, the bulls have lost control of LINK direction, and the price is now looking for a strong support base.

In addition to the pressure, fresh data on the series from Lookonchain reveals that the non-traded supply portfolio associated with Chainlink has deposited 17.875 million links-about $ 149 million-to Binance earlier today. This big flow to a central exchange raises concerns about the potential sales activity and has been able to influence the market morale. Historically, Chainlink holes often led to a fluctuating price movement. While some of these events have preceded price gatherings, the current market conditions make any updated oud response.

The market is now closely monitoring how Link will act near critical support levels as it suffers from symbolic battles both technical weakness and difficult macro background. Whether the accumulation resumes or intensifies the pressure of the negative side depends on how the appetite for global risks and behavior on the series in the coming days.

ChainLink faces decisive support test amid market pressure

Chainlink continues to build a basic power through major partnerships and fixed development, even with global tensions and total economic instability on Altcoin markets. With an increasing dependence through the traditional finance and the Web3 infrastructure, long -term LINK expectations remain strong. However, the short -term work tells a different story. Since the peak in May, Chainlink has seen a sharp decrease, where more than 33 % has now decreased, and you should defend the current levels to avoid operating a deeper correction.

Against the background of the escalation of the conflict in the Middle East and the tightening of financial conditions, most Altcoins lost a ground for Bitcoin, and LINK was no exception. Bitcoin recently hit new levels, getting rid of smaller assets. As a result, Bulls ChainLink is under pressure to protect the main support levels and prevent further corrosion of momentum.

In addition to the investor concern, Lookonchain data He explains that the non-traded supply portfolio in Chainlink has been transferred 17.875 million links-was evaluated by about $ 149 million-to Binance earlier today. These movements raise concerns about potential selling pressure. However, historical data provides some optimism. ChainLink made 11 main holes in the past, followed by many price increases as liquidity was absorbed and the demand is restored.

Coking price analysis: The collapse extends with the collapse of support levels

ChainLink (Link) is currently being traded near $ 11.98 after breaking the main support areas that had been previously held during the Q2 2025. The daily chart clearly appears a continuous decline since mid -May, which features a series of lower heights and lower declines. LINK has now lost more than 33 % since its peak in May near $ 18, and the last candle confirm a clean collapse less than the psychological level of $ 12.

Simple moving averages are placed for 50 days, 100 days and 200 days (SMAS) above the current price, which reflects a strong momentum. SMA has crossed for 50 days below 100 days of SMA, which enhances the short -term weakness. Moreover, LINK is now trading at levels that have not been seen since early November 2024, exposing the original to more risks of the downside if a strong demand has not appeared soon.

This technical deterioration comes at a time when Lokonchain data reveals that 17.875 million links ($ 149 million) of unprecedented portfolios have been deposited to Binance – raising fears of increasing sale pressure. Although many events opening many events are followed by recovery operations, the current macroeconomic environment, as well as high bitcoin dominance and performance disorder, may delay any bounce.

Distinctive image from Dall-E, the tradingView graph

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