Cardano (ADA) and Chainlink (LINK) are trading near critical liquidation thresholds, capturing traders' interest. Liquidation heatmaps indicate risks in the ranges of $0.70–$0.90 for ADA and $15–$18 for LINK.
Liquidation Risks for ADA and LINK
Traders are closely monitoring the liquidation risks for ADA and LINK at the aforementioned levels. Liquidation heatmaps reveal that the highest liquidation risk for ADA is between $0.70 and $0.90, with long positions exceeding $1 billion.
Chainlink's AI-Driven DEX Expands Utility
Chainlink's ecosystem is growing with the integration of an AI-driven DEX via its partnership with XSwap, providing accurate cross-chain price data. In May, LINK showed fluctuations trading between $14.50 and $16.19, establishing support at $15.05.
Price Action Analysis and Trading Volumes
Analysis indicates that LINK is currently experiencing volatility around the $15 and $16 levels, pointing to potential liquidation risks. ADA shows more stable behavior, reflecting support at the $0.70 level. Both assets are closely monitoring key trading volumes.
Traders continue to monitor the key liquidation levels for ADA and LINK, which may lead to further price fluctuations. The dynamics of both assets demonstrate an increase in liquidation stress levels, accompanied by strong trading volumes.
