Chainlink Price Drops 3%, Traders Buy ICO Offering Free Bitcoin

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The Chainlink worth dropped 3% within the final 24 hours to commerce at $15.44 as of 9:17 p.m. EST, with buying and selling quantity dropping 30% to $464 million.

This comes after World Liberty Monetary’s USD1 stablecoin grew to become operable throughout a number of blockchains by integrating with Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

“Chainlink is completely important to merging conventional finance with decentralized finance.”

At @consensus2025, @worldlibertyfi Co-Founder Zak Folkman broadcasts they’re making USD1 accessible cross-chain utilizing CCIP and discusses how Chainlink powers the onchain economic system. pic.twitter.com/BFWm6Ib30S

— Chainlink (@chainlink) May 17, 2025

USD1, a US dollar-backed stablecoin launched by the WLF protocol that’s backed by the household of US President Donald Trump, has seen important development since its debut, reaching $2 billion in market capitalization.

Chainlink Price Indicators Sign A Bearish Pattern

The LINK price on the weekly chart reveals a delicate mixture of bullish and bearish alerts, which displays a market on a vital resolution level.

In late 2023 and early 2024, the Chainlink worth broke out from this consolidation vary, launching a big rally that shaped a transparent head and shoulders sample, with the neckline drawn across the $12.79 stage.

After failing to maintain above the top’s peak ($22.57), the value of Chainlink motion fell again to the neckline and not too long ago breached under it, confirming the bearish reversal implied.

Nonetheless, as a substitute of an entire breakdown, LINK bounced close to the earlier breakout zone (round $10.11), which is marked by a blue help band. This bounce suggests sturdy purchaser curiosity at this stage, difficult the top and shoulders’ bearish continuation.

In the meantime, the Relative Power Index (RSI) on the weekly timeframe sits at 49.02, indicating a state of market neutrality. This place close to the midpoint (50) neither confirms overbought nor oversold circumstances, suggesting that the value of LINK can transfer in both route.

If sellers regain management and LINK breaks under the $11.50–$12 zone (blue help), it might set off the complete draw back projection towards the $5.30 stage, fulfilling the top and shoulders goal, a 48% drop.

LINK/USDT Chart Evaluation (Tradingview)

Then again, if the Chainlink worth maintains above the $12.5 help and begins forming increased lows, a bullish construction might emerge, doubtlessly pushing LINK roughly 92.79%, focusing on round $30.

In the meantime, traders are piling into a brand new Bitcoin-themed meme coin known as BTC Bull Token (BTCBULL), which is able to give token holders free BTC.

Jacob Bury, a outstanding YouTuber with over 56.3k subscribers, says BTCBULL has the potential to soar 10X after launch.

BTC Bull Token Presale Closes On $6 Million

BTC Bull Token is designed to show Bitcoin’s new all-time highs into automated, on-chain rewards.

At its core is milestone farming, a system that delivers Bitcoin airdrops to $BTCBULL holders each time BTC reaches chosen new ATHs.

BTC Bull Token holders will begin receiving BTC airdrops at $150,000, and thereafter for each extra $50k improve within the BTC worth. The $250K milestone additionally unlocks bonus $BTCBULL token rewards, including to the upside.

Past the Bitcoin rewards, the undertaking additionally incorporates token burns that kick in when BTC reaches $125,000 and repeat for each $25k improve within the Bitcoin worth afterwards.

The undertaking’s presale has already raised over $5.8 million, signaling rising investor curiosity.

🚨 $BTCBULL is Stay in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new worth ranges.

With built-in incentives for purchasing, holding, and buying and selling, $BTCBULL provides holders a brand new approach to stack BTC.… pic.twitter.com/BMzBHcLltU

— Greatest Pockets (@BestWalletHQ) February 10, 2025

BTCBULL token holders even have a possibility to earn passively by way of the undertaking’s staking platform, which presents a large 71% annual share yield (APY).

Buyers fascinated with taking part within the presale can go to the official BTC Bull Token web site to purchase BTCBULL tokens for $0.002515 every utilizing BNB, ETH, USDT, or a financial institution card.

Buy earlier than a worth hike in about in the future to lock in the perfect deal.

Visit the BTC Bull Token website.