2026

when

Chainlink

After a sharp downturn at the beginning of the year, Chainlink has entered a period of relative calm. While intense selling pressure in January pushed <a href="https://en.coin-turk.com/chainlinks-price-surge-triggered-by-tokenization-of-real-world-assets/" rel="noopener noreferrer nofollow">LINK</a> aggressively downward, recent weeks have seen the <a href="https://en.coin-turk.com/bitcoin-price-steadily-holds-at-98200/" rel="noopener noreferrer nofollow">cryptocurrency</a> settle into a tight band between $8.30 and $9.50, with little dramatic movement in either direction.<h2 id="sellers-lose-steam-as-trading-turns-flat">Sellers lose steam as trading turns flat</h2>Recent technical charts indicate that Chainlink kicked off 2026 at over $12, only to reverse course swiftly and fall towards $8 by early February. Since then, the market for LINK has stabilized, entering a clear sideways trend as the first quarter progresses.During the latest trading session, the LINK/USDT pair slid about 1% to $8.99. Opening the day at $9.08, LINK managed to touch a high of $9.11 and a low of $8.94 before closing just below the $9 threshold, reflecting a muted trading day with minimal price action.Trading data reveals that buying volume reached around 1.77 million LINK over the last 24 hours, while selling volume edged slightly higher at 1.91 million tokens. These figures suggest that although sellers continue to have a slight upper hand, the intense waves of selling seen previously have abated considerably.Following past episodes of aggressive liquidation, the <a href="https://en.coin-turk.com/join-the-excitement-bybit-launches-a-thrilling-airdrop-event/" rel="noopener noreferrer nofollow">crypto market</a>—particularly for LINK—now appears to be in a more composed phase. Narrow price swings within this band suggest a balance between buyers and sellers, highlighting market indecision at these levels.<h2 id="market-in-consolidation-eyes-on-next-move">Market in consolidation, eyes on next move</h2>Looking at the latest indicators, Chainlink now commands a market capitalization of $6.54 billion. Over the past 24 hours, trading volume reached approximately $210 million, while total LINK tokens in circulation remain above 727 million.Despite the current respite, it’s worth noting that LINK is still trading a dramatic 83% below its all-time high of $52.70, set during the 2021 bull run. In recent sessions, the daily price range has been confined between $8.98 and $9.17, emphasizing the narrow consolidation channel.Short-term charts indicate the market has hovered around the $9 mark following previous abrupt moves. Even when prices spike above $9, they quickly retreat, underscoring the absence of a clear directional trend and prevailing uncertainty among investors.Technical analysis of Bollinger Bands shows the upper band at $9.39 and the middle at $8.86. LINK’s ability to hold above the mid-point suggests the market may be stabilizing after the sell-off, potentially hinting at the early stages of recovery.Consistently, LINK’s daily closes have hovered just below $9. In particular, the mid-$8.80s have served as a reliable support, with buyers stepping in persistently at $8.86 to keep the token from falling further—an encouraging sign for bulls.In summary, Chainlink is expected to remain within the $8.86 to $9.39 price band in the short term, as the market continues to search for a decisive direction. Should buyers succeed in breaking through key resistance, a new rally could be on the cards, with investors watching closely for any hints of momentum.<ul class="summary"><li>🔔 Chainlink slips below $9 as sellers lose momentum.</li><li>Price stabilizes after intense January sell-off, now trading in a narrow band.</li><li>Trading volume and support at $8.86 highlight a cautious market mood.</li><li>Key point: LINK remains 83% below its 2021 all-time high.</li></ul>The post <a href="https://en.coin-turk.com/chainlink-slips-below-9-after-recent-sell-off-slows/" rel="noopener noreferrer nofollow">Chainlink slips below $9 after recent sell-off slows</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Chainlink slips below $9 after recent sell-off slows

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