LINK Falls Below $14.50 During Crypto Pullback, While Reserve Buys 74K Tokens Amid Losses

Chainlink Slides Below $14.50 as Selling Pressure Mounts, Reserve Adds 74K LINK

Chainlink’s LINK token extended losses on Thursday, dropping nearly 5% over 24 hours to breach the $14.50 level amid heightened technical selling.

The token fell from a session high of $15.26 to a low near $14.73, marking its weakest point since late October. LINK underperformed the broader CoinDesk 5 Index, which lost 3.7% in the same period.

Trading volume surged to 3.32 million tokens—118% above the 24-hour average—confirming the rejection of the $15.00–$15.26 resistance range, according to CoinDesk Research. A rapid liquidation between 17:05 and 17:41 UTC saw over 360,000 tokens change hands in minutes, pushing LINK toward immediate support around $14.40 as bearish momentum accelerated.

Despite the decline, the Chainlink Reserve continued accumulating tokens, purchasing 74,049 LINK on Thursday. The reserve now holds over 800,000 LINK, though its average acquisition cost of roughly $20 leaves it about 27% underwater.

Analysts note that LINK remains at a critical juncture. A sustained break below $14.40–$14.50 could open the path to $14.20, while a move above $15.00 is needed to stabilize short-term momentum.

Technical Snapshot:

• Support/Resistance: Immediate support at $14.40–$14.50; resistance at $15.00 and $15.26
• Volume: Trading surged 118% above average, confirming institutional-led sell pressure
• Chart Pattern: Trendline break signals continued bearish reversal
• Next Targets: Downside contained to $14.20 if support holds; recovery requires surpassing $15.26

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