After three consecutive days of downside moves, Chainlink [LINK] has now reached a key support level that it has held since February 2026. This level appears to be a make-or-break point for the asset, as broader market sentiment remains bearish.  On the 3rd of June, LINK declined by 4.50% and was trading at $8.55 after falling to an intraday low of $8.18. Despite the price drop, market participants have shown strong interest in the asset, as its trading volume surged 31% to $478 million.