Chainlink LINK Price Drops 4% As ETF News Fails To Break Key Resistance Level

The cryptocurrency Chainlink (LINK) has experienced a 4% price decline despite recent ETF-related news developments. Market analysis indicates that the positive ETF announcement was insufficient to overcome significant technical resistance levels that have been limiting LINK's upward momentum. Technical indicators show strong selling pressure at current resistance zones, suggesting continued bearish pressure in the short term. Traders are closely monitoring whether LINK can maintain support levels or if further downside movement is imminent following the failed breakout attempt.