Chainlink (LINK), after failing to hold the $9.20 resistance level, faces short-term downward pressure, with the stock price continuously declining and testing the key support level around $7.90 to $8.00. Analysts point out that its potential downside target is near $7.20. Despite technical weakness, Chainlink's long-term infrastructure position is strengthening, with institutions like UBS and JPMorgan beginning to adopt the technology, and its cross-chain interoperability protocol (CCIP) has also seen significant growth.

LINK1.85%

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