Chainlink is trading near 14.6 USD support and 16 USD resistance, with significant accumulation by long-term holders indicating a potential rally.
Approximately 65 million LINK is held at the 14.6 USD level, showing strong support. Investors appear to be positioned for long-term rather than short-term trades.
Technical analysis shows LINK under both 50-day and 200-day moving averages. However, the recent bounce from 12 USD could signal a potential bottoming pattern.
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