Chainlink’s ACE Launch Coincides With Critical Price Support Test

Despite a nearly 6% decline in the past 24 hours, LINK continues to see significant on-chain accumulation. The token is trading around $15.14, marking a 32% decrease over the last month.

Two new wallets have accumulated LINK at an average price of $16.45.
One wallet withdrew 98,000 LINK (approx. $1.57 million), while another added nearly 50,000 LINK (about $736,000).

The $14–$15 Zone: Crucial Test for Bulls

The $14–$15 range is identified as a critical level for LINK's long-term structure, currently trading at about $15.14.

The area near the 0.618 Fibonacci retracement at $15.07 serves as a historical demand zone.
If held, prices could rebound to $27–$46; if not, they may fall to $10–$12.

Technical indicators suggest mixed signals with a prolonged downtrend channel, RSI near 34, and MACD indicating potential selling pressure exhaustion. Bollinger Bands tightening indicates a possible breakout.

Analyst Ali Martinez notes that a drop below $15 might offer a prime buying opportunity.

Chainlink ACE Launch: Strengthening Fundamentals

The price drop coincides with the launch of Chainlink's Automated Compliance Engine (ACE) partner ecosystem.

ACE includes over 20 compliance providers, frameworks, and blockchain networks.
It integrates identity verification, risk management, and regulatory reporting into on-chain systems.
Partners include Chainalysis, TRM Labs, Hypernative, Kaiko, and networks like Ethereum for Institutions.