The price of the cryptocurrency Chainlink (LINK) dropped to $19 after a large sell-off by major holders, who reduced their holdings by over 4 million LINK since February 2. This downward pressure on LINK's price has occurred despite no major negative news about Chainlink, suggesting that profit-taking may be the reason for the sell-off. Additionally, the recent implementation of tariffs by US President Donald Trump has increased market volatility and led to the liquidation of riskier assets, including Chainlink. A crypto trader warns that if LINK breaks below key support, it could potentially drop as low as $12. However, a breakout above resistance could lead to new highs and a potential uptrend.



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