LINK Faces a Critical Test at $11.22 After Sharp 24-Hour Selloff

• LINK fell from $12.06 to $11.31 as sellers dominated the session.
• $11.22 remains crucial because the previous bullish move started from that level.
• Losing $11.22 could expose LINK to $11.07, while holding supports a recovery.

Chainlink — LINK, faced strong selling pressure after tagging $12.06 overnight. Buyers could not maintain that early strength through the session. Sellers pushed LINK toward fresh 24-hour lows near $11.31. Broader market pressure added fuel to the decline. Kevin Warsh also revived September rate hike expectations. The 4 p.m. market flush intensified the move. Now, traders are watching $11.22 closely. That level could determine LINK's next major direction.

LINK Sellers Push Price Toward Key Support

LINK started the session with promising momentum after reaching $12.06 overnight. However, buyers struggled to defend those higher levels. Sellers controlled the market through most of the day. The decline eventually pushed LINK toward $11.31. Selling pressure remained strong around the latest low. Traders now face a much more important technical test. The $11.22 level deserves close attention for several reasons.

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