Chainlink's native cryptocurrency, LINK, experienced a significant decline of 11% as the market reacted to a technical breakdown in its price patterns, overshadowing the excitement and positive sentiment surrounding the recent news of a new exchange-traded fund (ETF) launch. This downturn suggests that traders and investors are more focused on the technical indicators and market trends rather than the potential long-term benefits associated with the ETF, highlighting the complex dynamics at play in the cryptocurrency market.
source: https://www.coindesk.com/markets/2025/12/01/chainlink-s-link-slides-11-as-technical-breakdown-overshadows-etf-launch-news