LINK dropped 4% with the news of the Chainlink ETF.

LINK Faces Technical Resistance

Chainlink (LINK) price fell to the $15 level, just above the technical resistance, experiencing a %4 decrease. This decline occurred amidst a notable upper demand observed in the markets.

Interestingly, the trading volume for LINK increased by %138, confirming the strength of the rejection at the $16.25 level. This situation indicates that investors are paying attention to resistance levels.

Nonetheless, the appearance of Bitwise's Chainlink ETF (CLNK) in the DTCC registration system suggests that it may start trading soon. However, despite this development, price movements have remained quite weak.