连锁链接（链接）价格下降了40％，但鲸鱼的积累提示可能会恢复

Chainlink对实现价值（MVRV）比率的市场价值下降到-16.3％，这是以前标志着销售耗尽点的水平。

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）价格在最近几周急剧下降，引发了投资者的担忧。但是，鲸鱼活动表明对令牌长期潜力的信心。

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

在过去的24小时内，大型持有人累积了超过2000万美元的链接，暗示了可能的价格恢复。

Chainlink MVRV Drops to Historical Sell-Off Zone

连锁链接MVRV落入历史抛售区

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%.

链上分析师Ali报告说，Chainlink对实现价值的市场价值（MVRZ）下降到-16.3％，这是过去出售的耗尽点的水平。根据历史数据，当MVRV下降到-16％以下时，Link随后集会，将增长在25％至312％之间。

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

现在，随着鲸鱼积极购买蘸酱，交易者正在关注当前水平的逆转。

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，在过去的24小时内，超过110万个链接代币易手，这是主要投资者的战略举动。他补充说，过去类似的鲸鱼活动是在强烈的向上移动之前。

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，分析师警告说，连锁链接价格行动处于关键时刻，需要一个关键的突破来确认看涨的转变。

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

链接价格停留在一个范围内 - 接下来是突破或崩溃？

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这样的市场观察家强调，Link一直在紧密的范围内进行交易，其中17.50美元和19.50美元是关键水平。果断的举动超过$ 19.50可能会使$ 21或更高的链接，但未能突破阻力可能会使它被困在整合中。

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.

同时，技术分析师内布拉斯加甘甘纳（Nebraskangooner）建议，如果链接失去其关键支持水平，它可能会进一步下降。他指出，如果代币低于$ 15.50，它可能会重新访问$ 12.00的支持区。以前，Link在测试这些水平后的价格反弹，但随着势头减弱，交易者谨慎。

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.

每日时间范围的相对强度指数（RSI）为38.83，表明连锁链接正在接近超售条件。在以前的周期中，当RSI下降到40以下时，链接反弹，增加了潜在价格逆转的情况。

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.

图表中的下降并行通道突出显示了两个关键水平交易者应注意的。超过19美元以上的突破将确认看涨的逆转，打开朝着23.70美元的推动的大门。但是，如果Link无法持有17.50美元以上，则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在增长方面将该项目列为现实世界资产（RWA）项目，超过了Synthetix和Makerdao等竞争对手。这表明，即使短期波动率持续存在，长期基本面仍然完好无损。

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，交易者正在观看两个关键水平 - 17.50美元和19.50美元。崩溃可能会导致更多的损失，但是如果链接持续或爆发，可能会发生反弹。随着鲸鱼的大量购买，很明显，一些大玩家正在押注康复。它们是否正确还有待观察。