Chainlink Price Drops Amid Exchange Supply Decline and Trendline Test

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Derived from Cryptofrontnews, Chainlink (LINK) has seen a sharp 9.22% intraday price drop, trading near $14.05 as it tests a long-term support trendline. Exchange supply has fallen from 180 million to 132 million tokens, indicating accumulation by larger holders. Analysts are monitoring the $13.30 to $12.14 range for potential support, with a break below the trendline possibly exposing lower levels near $12, $10.50, or $9.

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