Chainlink Bulls Must Uphold This Critical Support Line For Potential 8% Rally

At present, Chainlink (LINK) continues to witness further losses, with the altcoin experiencing a decline of nearly 7% in the past 24 hours. This depreciation has led LINK to touch its lowest point in several months, primarily driven by the overall weakness observed in the broader market.
On the weekly chart, LINK has lost approximately 4% of its value. Although there has been a slight recovery from the nearest support, the technical analysis of LINK still suggests a bearish outlook. Demand and