AVAX Consolidation Hints at a 15% Crash as LINK Tests $10.6 Support

Three Things to Know Chainlink led a sharp large-cap selloff as futures traders unwound long bets. LINK and AVAX both trade under their key moving averages, with momentum still tilted toward sellers. LINK is sitting almost on top of a weekly swing point near $10.87, and a close below it could open the door lower. Chainlink fell harder than most large-cap tokens in the latest selloff. Derivatives data showed longs closing positions rather than new shorts piling in. The flush matters because LINK and Avalanche now sit on fragile floors after weeks of lower lows. Chainlink's tokenization push in Asia has not lifted demand for the token. Traders now face one question. Will buyers defend these floors this week, or will sellers confirm a deeper slide?

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