Chainlink Investor Data Highlights Key Price Zones at $14.6 and $16
Chainlink (LINK) experienced a significant decline in market prices over the past 24 hours, losing over 40% of its value in the last two months amid negative reactions to new US international tariffs. Analytics firm Glassnode identified two key price levels influencing investor behavior: $14.6 and $16.
Investor Behavior at Key Price Clusters
- Glassnode's Cost Basis Distribution (CBD) metric highlights accumulation activity at $14.6 and $16.
- Investors at $16 have shown consistent accumulation during downtrends, indicating strong long-term confidence.
- Investors at $14.6 are accumulating more selectively, taking advantage of price fluctuations.
Current trading price for LINK is $14, just below the $14.6 cluster level. Proximity to this level suggests potential support if holders reinforce their positions, which could help LINK reclaim $14.6 and $16 in a market rebound.
