Chainlink’s Cost Basis Distribution Reveals Key Support and Resistance Levels Amid Strong Investor Conviction

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While Chainlink ($LINK) makes its way through the ups and downs of the cryptocurrency market, we have some fresh data that gives us a clearer look at the cost basis distribution of the LINK token. By examining the distribution of purchase prices held largely by long-term investors, two key price points seem to stand out as playing a significant role in the current price action of LINK: $14.6 and $16.0. These levels have emerged as key price zones where a significant portion of LINK tokens are held and which may be serving as support or resistance as the asset attempts

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