LINK Stuck Near 6-Year Support Despite Major Partnerships With Robinhood and Ondo

Chainlink (LINK), one of the leading oracle platforms, has struggled to find a recovery throughout February. Despite multiple pieces of positive news, selling pressure has remained persistent.

As price action reaches a support level that has held for six years, February could be the decisive moment for LINK to enter a new price phase.

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Positive Developments in February Fail to Offset Selling Pressure

Price data shows that the current level around $8.4 aligns with a long-term…