Core Insights - Chainlink's native token (LINK) experienced a significant decline, dropping 6% to below $14.50, breaking key technical support levels [1] - The decline was accompanied by a massive volume surge of 57.81% above the seven-day average, indicating aggressive distribution [1] - Major institutional partnerships, including UBS's tokenized fund transaction and FTSE Russell's blockchain plans, failed to prevent the price drop [2][3] Technical Analysis - The decisive break below the $15.26 support level occurred during high trading volume of 4.69 million tokens, establishing a descending channel [3] - In the final trading hour, LINK fell from $15.22 to $14.70 on volume exceeding 3.5 million tokens, confirming a broader bearish structure [4] - The current demand zone is critical at $14.50-$14.60 following the breakdown, with further weakness toward $14.00 likely before stabilization [7]