Bounces 4% as FOMC Volatility Drives Crypto Market
Chainlink’s native token LINK recovered to $18.40 during the Wednesday session, reversing losses from a sharp intraday selloff that saw the price fall below the key $18 support level.
A sudden volume spike of 4.59 million tokens — 178% above the 24-hour average — confirmed the breakdown as sellers overpowered short-term support levels. The token briefly consolidated between $17.80 and $18.30 before buyers stepped in late in the day, CoinDesk Research’s market insight tool suggested.
The rebound coincided with the broader crypto markets stabilizing after a Federal Reserve Chairman Jerome Powell’s slightly hawkish speech, which saw bitcoin briefly dipping below $110,000.
LINK was up roughly 4% over the past…
