This Crypto Drama Has More Twists Than a Russian Playwright’s Marriage 🚬

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  • Chainlink, at the moment, clings to support as a gentleman clings to his hat in a gale.
  • The bear, ever patient, waits in the wings, brushing its coat, eyeing the strewn breadcrumbs of hope.

On the 16th of June, Chainlink [LINK] gamely rose by 2%. Was this the start of a grand rally? Perhaps, for the kind of person who believes spring arrives early and wheat never rots in the field. Reality, however, prefers irony; within 24 hours, LINK wobbled, dropped a resigned 3%, and now mutters to itself in the corner.

While all this unfolds, Bitcoin [BTC] flaps about like an aging general—dignified, but unpredictably vexed, swayed by telegrams from the Middle East (no carrier pigeons were harmed in this news cycle).

Our beloved Bitcoin might attempt a bullish waltz in the $102k–$104k salon, only to trip and sulk between $108k–$110k next week. Spectators advised to bring popcorn.

As the clock strikes, Chainlink appears to invite a tentative suitor: anyone with the courage to buy near $13.2. The OBV scowls, casting a vote for the sellers. The RSI, sullen, threatens rain. If a rally stirs from the $13.2 fainting couch, let no one faint in astonishment; prepare, however, for a dramatic swoon below $12.64. Curtain up for act two, courtesy of Bitcoin’s mood swings.

And they say drama died with Tolstoy.

Chainlink bulls: Dreamers at the tea table 🍵

On to the ledger! LINK’s In/Out of the Money, that enigmatic scroll, narrates a $13.6–$13.9 supply zone of such size that even a czar’s cavalry would hesitate. To break this, one needs more buyers than guests at a Moscow soirée. A further blockade looms at $14–$14.4. The brave might make noise at $13, but June’s charts drip with ennui: the price could melt to $12.1, or perhaps slide, in true melancholic fashion, to $10.8.

The exchange netflows glance sidelong at us—some accumulation in the past week, -261k LINK (a cool $3.44 million) makes its exit, stage right. Accumulation, they whisper. Yes—like old shoe receipts in a bureaucrat’s drawer.

June’s netflows, for the most part, nod politely: positive, with 79k LINK worth $1.04 million drifting into exchanges. In summary, our scene is set for the sort of price drop that makes a short trader’s heart flutter (forlornly). An enterprising soul may consider a drop below $12.64, with $13 as newfound resistance—the sort of opportunity playwrights and speculators both understand.

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2025-06-18 06:08