Derived from Cryptonewsland, Chainlink (LINK) has lost a key $16 support level, where 53.87 million tokens were previously accumulated. The recent price drop has shifted attention to a new lower cost basis range between $12.47 and $12.57, where 9.58 million tokens are concentrated. Analysts are monitoring how these cost zones influence future price action as the asset trades below the $16 level for the first time since mid-year.
Chainlink Loses $16 Support as 53.87M Tokens Shift to Lower Cost Basis
CryptonewslandShare
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