Oh no, Chainlink’s price is plummeting faster than my hopes for a stable crypto market. 💸💸💸 It’s like the crypto world’s version of a “I’ve lost all faith” cry session.
Chainlink (LINK), the oracle that’s basically the crypto industry’s overworked intern, dropped to $16-down 42% from its peak. Because nothing says “I’m a top-tier project” like a 42% haircut. 🧢
SmartCon Conference begins this week
The annual SmartCon Conference is basically the crypto version of a family reunion-everyone’s there, but no one’s happy. 🤡
Senior Chainlink execs and representatives from “big names” like JPMorgan, Swift, and Robinhood are coming together to… what, sell each other more dreams? 🤔
According to their website, these “top companies” include Swift, DTCC, JPMorgan, Consensys, State Street, TradeWeb, and Robinhood. Because nothing says “trust us” like a bank and a crypto company teaming up. 🤝
SmartCon is usually important because of the “partnerships” and “deals” that are made. One of these deals was announced on Monday, when FTSE Russell said it’ll publish its indices onchain. Because nothing says “innovation” like putting spreadsheets on a blockchain. 📊
We’re excited to announce that Chainlink is powering cross-border DvP settlement between the Central Bank of Brazil & Hong Kong Monetary Authority… alongside Banco Inter, Standard Chartered, GSBN, & 7COMm in the Drex program. 🤯
– Chainlink (@chainlink) November 3, 2025
But while the event is “important,” the Chainlink price will likely depend on market conditions. Which, let’s be real, are about as reliable as a toddler’s promise to clean their room. 🧸
Nansen data shows that the number of LINK tokens on exchanges has continued to fall this year. It’s like the crypto version of a “I’m out” text. 📱
Chainlink price technical analysis
Technical indicators suggest the LINK price has crashed over the past few months. It’s like a rollercoaster that only goes down. 🎢
The coin has formed a death cross, as the 50-day and 200-day Weighted Moving Averages have crossed. A death cross is one of the most bearish technical analysis patterns. Or, as I like to call it, “the crypto equivalent of a funeral.” 🕊️
The coin has also formed a bearish pennant pattern. A vertical line and a symmetrical triangle? More like a “I give up” flag. 🧢
Chainlink price has remained below the Supertrend indicator and the 61.8% Fibonacci Retracement level. So, basically, the token is playing it safe… by falling. 🛑
On the other hand, a move above the $18 resistance level will invalidate the bearish view. Or, as I like to call it, “the day the market decides to stop being a jerk.” 🤷♀️
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2025-11-03 20:23