Chainlink’s 6% Drop Sparks Concern as Newer Crypto Projects Shine Bright
Cryptocurrency markets have shown mixed movements this week. Chainlink (LINK) dropped by 6% and now trades near $12.00, while newer projects like Digitap and Bitcoin Hyper attract investor interest. Analysts are closely monitoring LINK’s next steps as it tests key support levels.
Chainlink’s price has struggled recently, falling another 6% last week. It currently hovers around $12.00, with traders watching three critical support zones: $10.70, $8.94, and $6.90. A break below $6.90 could signal a deeper correction, possibly marking a larger wave four decline.
Analysts suggest LINK may still be in an extended B-wave correction. No clear E-wave low has formed yet, leaving uncertainty about its next major move. The Fibonacci support box between $6.90 and $10.70 remains a focal point for determining future price action.
Meanwhile, Digitap ($TAP) has gained attention as its presale nears 140 million tokens sold. The project operates as a full omni-bank platform, offering instant transfers, global payments, and multi-currency swaps. Its growing community reflects rising demand for utility-driven cryptocurrencies.
Bitcoin Hyper is also drawing interest in 2025. The project combines Bitcoin’s layer-2 infrastructure with Solana’s speed, enabling fast transactions. Its presale momentum and hybrid financial app—linking crypto and fiat—have positioned it as a standout option for investors.
LINK’s short-term outlook remains cautious, with analysts warning of potential further declines. If support holds, it may stabilise, but a drop below $6.90 could trigger a sharper pullback. In contrast, projects like Digitap and Bitcoin Hyper continue to expand, offering real-world applications that appeal to investors seeking practical blockchain solutions.
