币界网报道：Chainlink (LINK) bulls may need to exercise caution as recent market indicators suggest a potential price top. Despite LINK's strong performance earlier this year, technical analysis reveals bearish signals, including a declining Relative Strength Index (RSI) and weakening trading volume. Analysts note that LINK's price has struggled to break past key resistance levels, with the $17-$18 range acting as a significant barrier. On-chain data also shows reduced network activity and a drop in large transactions, hinting at decreased whale interest. While some remain optimistic about Chainlink's long-term fundamentals—particularly its oracle network's adoption in DeFi—short-term sentiment appears cautious. Market observers warn that if LINK fails to hold critical support near $14, further downside toward $12 could follow. The broader crypto market's volatility and macroeconomic uncertainties add to the mixed outlook for LINK's near-term trajectory.