ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvents
More
The post Chainlink Price Rises Against Market Sell-Off as Reserve Adds 135K LINK appeared on BitcoinEthereumNews.com. The Chainlink price correction gave a decisiveThe post Chainlink Price Rises Against Market Sell-Off as Reserve Adds 135K LINK appeared on BitcoinEthereumNews.com. The Chainlink price correction gave a decisive

Chainlink Price Rises Against Market Sell-Off as Reserve Adds 135K LINK

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2026/02/13 14:29
3 min read
Ucan fix life in1day
1$0.0007509-23.23%
Union
U$0.001192-6.36%
Polytrade
TRADE$0.03526+5.50%
  • The Chainlink price correction gave a decisive breakdown from the support trendline of a falling wedge pattern, signalling a risk of prolonged correction ahead..
  • A broader U.S. stock market sell-off erased more than $1 trillion in value.
  • The relative strength index at 29% indicates an oversold state in LINK, which bolsters its potential for temporary rebound and replenishes exhausted bearish momentum.

LINK, the native cryptocurrency of the decentralized Oracle network, jumps nearly 1% to reach its current trading value $8.25. The uptick counters the broader market pullback as tech stocks witnessed a notable sell-off during Thursday’s U.S. market hours. Chainlink’s resilience above the $8 support gained additional traction; its reserve program continues to accumulate more LINK tokens every month, suggesting strong conviction in LINK’s long-term growth. 

LINK Gains 1% as Reserve Crosses 2 Million Tokens

On February 13th, the overall crypto market witnessed a sharp pullback of over 2% to reach $2.2 trillion. Subsequently, the Bitcoin price 2.3% to $65,869, while the Ethereum coin dives 1.67% to trade at $1,923.

Today’s downticks align with a notable sell-off in the U.S. stock market which collectively recorded a loss of over $1 trillion in market value. According to market data, the tech stocks took the most brutal hit as Apple plunged -5.27% and Nvidia slipped -1.15%.

Defying this momentum, the Chainlink price is up nearly 1% on Thursday to currently trade at $8.29. The rise was accompanied by a new influx into the project’s dedicated reserve, which added 135,693 LINK via on-chain transactions.

The total stash of the reserve is now 2,035,363.55 LINK, which was purchased at an average price of $15.25 per token. At current market prices this holding is valued approximately at $16.8 million.

This is the second such buildup in February alone. The mechanism is powered by two main sources: on-chain protocol activity through fees collected from major companies that use the oracle services of Chainlink, as well as off-chain activity through earnings made by major companies, which integrate the oracle services of Chainlink. 

By recycling these revenues back into the purchase of LINK, the reserve acts as a mechanism to support the network’s long-term infrastructure and viability, independent of price volatility in the short-term

Chainlink Price Correction Eyes Next Support at $7 Mark

On February 5th, the Chainlink price gave a decisive breakdown from the support trendline of a falling wedge pattern. Since August 2025, the coin price witnessed a steady downward trend within this pattern and therefore the recent breakdown marks an accelerated selling pressure in market 

As the broader crypto market witnessed a slowdown in bearish momentum, the Chainlink price is currently hovering above the $8 support level. This temporary halt acts as relief consolidation for crypto sellers to recoup the exhausted bearish momentum in price.

The momentum indicators RSI in its current oversold state of 29% accentuate the need for short pullback and recuperate bearish momentum for next dip. Thus, with sustained selling, the LINK price could plunge another 14.13% to test the support level at $7.18.

LINK/USDT -1d Chart

On the contrary, if the coin price recovers the lost support trendline of wedge patterns with an upside breakout, the buyers could strengthen their grip over this asset for a renewed recovery attempt.

Also Read: BlackRock Introduces BUIDL Fund on UniswapX, Buys UNI

Source: https://www.cryptonewsz.com/chainlink-price-market-sell-off-135k-link/

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0007509
$0.0007509$0.0007509
-3.45%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
Hedera (HBAR) Price Today, Chart & Market Cap | Live HBAR to USD Converter

Hedera (HBAR) Price Today, Chart & Market Cap | Live HBAR to USD Converter

Hedera (HBAR) price today is $0.092471 USD with a $3.98B market cap. Check live HBAR price charts, 24h volume, market rank, and price predictions for 2026.
Share
Blockchainmagazine2026/02/13 16:45
Here’s why Polygon price is at risk of a 25% plunge

Here’s why Polygon price is at risk of a 25% plunge

Polygon price continued its freefall, reaching its lowest level since April 21, as the broader crypto sell-off gained momentum. Polygon (POL) dropped to $0.1915, down 32% from its highest point in May and 74% below its 2024 peak. The crash…
Share
Crypto.news2025/06/19 00:56