Chainlink's price squeeze between THESE levels could decide next rally!
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Chainlink is currently trading between two significant price clusters at $14.6 and $16, with on-chain data revealing strategic accumulation by long-term investors. The $14.6 level offers strong support with approximately 65 million LINK, while the $16 zone acts as resistance. Technical indicators suggest a potential bounce, but broader market momentum will be crucial in determining LINK's next move.
March 29, 2025 | 10:15 pm
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LINK is trading between key support at $14.6 and resistance at $16, with long-term holders demonstrating strategic accumulation and potential for price recovery.
The article highlights Chainlink's current price dynamics, with two significant price clusters indicating strong investor interest. The $14.6 support level, backed by 65 million LINK, suggests potential for price stabilization. However, the $16 resistance and overall market conditions create uncertainty about immediate price movement.
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IMPORTANCE 85
RELEVANCE 100