LINK Plummets Below All Short-Term Averages as Taker Sell Pressure Surges – Is a Deeper Drop Coming?

Chainlink (LINK) is trading at $12.87, slipping beneath its 7‑day and 20‑day simple moving averages as well as the 12‑ and 26‑day exponential moving averages, while the MACD histogram sits flat at zero.

Taker sell volume is outpacing buys at a 0.80 ratio, a bearish signal flagged by AMBCrypto that suggests short‑term momentum could turn negative, prompting traders to watch for further downside if the price fails to reclaim those key averages.