連鎖鏈接（鏈接）價格下降了40％，但鯨魚的積累提示可能會恢復

Chainlink對實現價值（MVRV）比率的市場價值下降到-16.3％，這是以前標誌著銷售耗盡點的水平。

Chainlink (LINK) price dropped sharply in recent weeks, sparking concerns among investors. However, whale activity suggests confidence in the token’s long-term potential.

Chainlink（Link）價格在最近幾週急劇下降，引發了投資者的擔憂。但是，鯨魚活動表明對令牌長期潛力的信心。

In the last 24 hours, large holders have accumulated more than $20 million in LINK, hinting at a possible price recovery.

在過去的24小時內，大型持有人累積了超過2000萬美元的鏈接，暗示了可能的價格恢復。

Chainlink MVRV Drops to Historical Sell-Off Zone

連鎖鏈接MVRV落入歷史拋售區

On-chain analyst Ali reported that Chainlink’s Market Value to Realized Value (MVRZ) dropped to -16.3%, a level that marked exhaustion points for selling in the past. According to historical data, when MVRV dipped below -16%, LINK rallied afterward, notching gains between 25% to 312%.

鏈上分析師Ali報告說，Chainlink對實現價值的市場價值（MVRZ）下降到-16.3％，這是過去出售的耗盡點的水平。根據歷史數據，當MVRV下降到-16％以下時，Link隨後集會，將增長在25％至312％之間。

Now, with whales aggressively buying the dip, traders are watching for a reversal from current levels.

現在，隨著鯨魚積極購買蘸醬，交易者正在關注當前水平的逆轉。

Moreover, over 1.10 million LINK tokens changed hands in the last 24 hours, a strategic move by major investors, according to Ali. He added that similar whale activity in the past preceded strong upward moves.

此外，在過去的24小時內，超過110萬個鏈接代幣易手，這是主要投資者的戰略舉動。他補充說，過去類似的鯨魚活動是在強烈的向上移動之前。

However, analysts warn that Chainlink price action is at a critical juncture, and a key breakout is needed to confirm a bullish shift.

但是，分析師警告說，連鎖鏈接價格行動處於關鍵時刻，需要一個關鍵的突破來確認看漲的轉變。

LINK Price Stuck in a Range — Breakout or Breakdown Next?

鏈接價格停留在一個範圍內 - 接下來是突破或崩潰？

Market observers like Suzzy highlighted that LINK has been trading within a tight range, with $17.50 and $19.50 as the key levels to watch. A decisive move above $19.50 could propel LINK toward $21 or higher, but failure to break through resistance might keep it trapped in consolidation.

像Suzzy這樣的市場觀察家強調，Link一直在緊密的範圍內進行交易，其中17.50美元和19.50美元是關鍵水平。果斷的舉動超過$ 19.50可能會使$ 21或更高的鏈接，但未能突破阻力可能會使它被困在整合中。

Meanwhile, technical analyst Nebraskangooner suggested that LINK could drop further if it loses its key support level. He noted that if the token falls below $15.50, it might revisit the $12.00 support zone. Previously, LINK’s price rebounded after testing these levels, but traders are cautious as momentum weakens.

同時，技術分析師內布拉斯加甘甘納（Nebraskangooner）建議，如果鏈接失去其關鍵支持水平，它可能會進一步下降。他指出，如果代幣低於$ 15.50，它可能會重新訪問$ 12.00的支持區。以前，Link在測試這些水平後的價格反彈，但隨著勢頭減弱，交易者謹慎。

The Relative Strength Index (RSI) on the daily timeframe is 38.83, showing that Chainlink is approaching oversold conditions. In previous cycles, LINK rebounded when the RSI dipped below 40, adding to the case for a potential price reversal.

每日時間範圍的相對強度指數（RSI）為38.83，表明連鎖鏈接正在接近超售條件。在以前的周期中，當RSI下降到40以下時，鏈接反彈，增加了潛在價格逆轉的情況。

The descending parallel channel in the chart highlights two key levels traders should watch. A breakout above $19 would confirm a bullish reversal, opening the door for a push toward $23.70. However, if LINK fails to hold above $17.50, a deeper correction toward $15.50 or even $12.00 could be on the table.

圖表中的下降並行通道突出顯示了兩個關鍵水平交易者應注意的。超過19美元以上的突破將確認看漲的逆轉，打開朝著23.70美元的推動的大門。但是，如果Link無法持有17.50美元以上，則可以在桌上更深入地更正15.50美元甚至$ 12.00。

Santiment ranked the project as the top Real World Asset (RWA) project in terms of growth, outpacing competitors like Synthetix and MakerDAO. This suggests that long-term fundamentals remain intact, even if short-term volatility persists.

Santiment在增長方面將該項目列為現實世界資產（RWA）項目，超過了Synthetix和Makerdao等競爭對手。這表明，即使短期波動率持續存在，長期基本面仍然完好無損。

For now, traders are watching two key levels — $17.50 and $19.50. A breakdown could lead to more losses, but if LINK holds or breaks out, a rebound may follow. With whales buying heavily, it’s clear that some big players are betting on a recovery. Whether they’re right remains to be seen.

目前，交易者正在觀看兩個關鍵水平 - 17.50美元和19.50美元。崩潰可能會導致更多的損失，但是如果鏈接持續或爆發，可能會發生反彈。隨著鯨魚的大量購買，很明顯，一些大玩家正在押注康復。它們是否正確還有待觀察。