Chainlink (LINK) extends its consolidation above its short-term support level at $23.00 as the broader cryptocurrency market remains in a risk-off sentiment. The oracle token exchanges hands 16% below the August peak of $27.85, reflecting the impact of macroeconomic uncertainty.
Solana (SOL) edges higher by nearly 0.50% at press time on Tuesday, succeeding the 9.12% drop on Monday. The sudden fall in SOL is underpinned by massive net outflow, which is now flashing a risk of $176 million in long liquidations if the declining trend continues.
Ethereum extended its decline by 5% on Tuesday, breaching the $4,200 level following a rise in short-term volatility, validator queue exits and institutional outflows.