Chainlink Correction “Healthy,” But Losing $8 Could Turn Holders Into “Submarines”

Thus far, the correction has been "healthy" according to one crypto analyst, but if support is lost at $8, so-called Link Marines will be turned into "submarines" with their holdings underwater. Why Chainlink Investors Could Find Themselves Underwater, Claims Analyst Chainlink shocked all crypto market participants this year with its astronomical rise out of Black Thursday lows.

The fall to support is likely to hold strong here, the analyst claims, or else "Link Marines" - the token's most vocal supporters - will become "submarines" in reference to their positions being underwater. But the Link Marines are a bullish bunch, and few crypto assets have had the momentum behind it that Chainlink has.

Timeline of Chainlink