The post Chainlink (LINK) Faces Potential Downturn as Reserves Hit $10M appeared on BitcoinEthereumNews.com. Joerg Hiller Oct 24, 2025 17:15 Chainlink’s price has dropped 35% from its September peak, with technical analysis suggesting further declines despite growing reserves, according to CoinMarketCap. Chainlink (LINK) has experienced a significant price decline, plummeting by 35% from its September high, raising concerns about a potential bearish breakout. This downturn comes amid a notable increase in LINK reserves, which have reached $10 million. Despite this growth, analysis using Murrey Math Lines indicates the possibility of further declines, as reported by CoinMarketCap. Chainlink Price Technical Analysis Currently trading at approximately $17.7, Chainlink has seen a stabilization at this level over recent days. However, technical indicators suggest that the token may face additional challenges. The daily chart reveals that LINK hit a multi-month low of $15 during the crypto market crash on October 11, and it has been in a consolidation phase since then. The Murrey Math Lines analysis forecasts a potential drop to $12 in the near future, indicating continued pressure on the token’s price. Market Sentiment and Strategic Reserves Despite the growing strategic LINK reserves, market sentiment remains cautious. Analysts point out that while reserves reaching $10 million is a positive sign, it may not be sufficient to counteract the broader bearish trends affecting the cryptocurrency market. The dynamics of supply and demand, alongside external market factors, continue to play a crucial role in determining LINK’s price trajectory. Broader Market Context This development comes amidst a period of heightened volatility in the cryptocurrency market. The recent crypto market crash has left many digital assets struggling to recover, with Bitcoin and Ethereum also experiencing significant price fluctuations. As the market adapts to these conditions, investors remain vigilant, closely monitoring technical indicators and market news for signs of potential recovery or further decline.… The post Chainlink (LINK) Faces Potential Downturn as Reserves Hit $10M appeared on BitcoinEthereumNews.com. Joerg Hiller Oct 24, 2025 17:15 Chainlink’s price has dropped 35% from its September peak, with technical analysis suggesting further declines despite growing reserves, according to CoinMarketCap. Chainlink (LINK) has experienced a significant price decline, plummeting by 35% from its September high, raising concerns about a potential bearish breakout. This downturn comes amid a notable increase in LINK reserves, which have reached $10 million. Despite this growth, analysis using Murrey Math Lines indicates the possibility of further declines, as reported by CoinMarketCap. Chainlink Price Technical Analysis Currently trading at approximately $17.7, Chainlink has seen a stabilization at this level over recent days. However, technical indicators suggest that the token may face additional challenges. The daily chart reveals that LINK hit a multi-month low of $15 during the crypto market crash on October 11, and it has been in a consolidation phase since then. The Murrey Math Lines analysis forecasts a potential drop to $12 in the near future, indicating continued pressure on the token’s price. Market Sentiment and Strategic Reserves Despite the growing strategic LINK reserves, market sentiment remains cautious. Analysts point out that while reserves reaching $10 million is a positive sign, it may not be sufficient to counteract the broader bearish trends affecting the cryptocurrency market. The dynamics of supply and demand, alongside external market factors, continue to play a crucial role in determining LINK’s price trajectory. Broader Market Context This development comes amidst a period of heightened volatility in the cryptocurrency market. The recent crypto market crash has left many digital assets struggling to recover, with Bitcoin and Ethereum also experiencing significant price fluctuations. As the market adapts to these conditions, investors remain vigilant, closely monitoring technical indicators and market news for signs of potential recovery or further decline.…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.