Chainlink's reserves increased by 131,905 LINK, valued at over $1.1 million, bringing its total holdings close to 2.79 million tokens, indicating intentional accumulation. Despite tightening supply and reduced exchange inflows, the price remains below $10, forming a bearish pennant pattern. Currently, the RSI indicator is at 46, with long liquidation amounts reaching $55,800, while short liquidation is only $24,000. Downward pressure persists, and the $5.77 support level remains closely watched.

LINK1,36%
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