Chainlink (LINK) is facing critical resistance between 14.50 USD and 15.30 USD. A successful breakout could spark bullish momentum as buying pressure builds. Currently priced at 14.32 USD, LINK has seen recent stabilization within a range of 12.45 USD to 17.78 USD.
Despite accumulating 153 million tokens, the decrease in new and active addresses suggests a cautious market sentiment among investors. Chainlink’s exchange reserves indicate a long-term holding strategy from investors, potentially reducing selling pressure and aiding price stability.
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