Alphractal has shared insights on the state and potential of Chainlink (LINK) in its latest report. The cryptocurrency shows strong growth and active accumulation.
Support at $15.1
According to the report, Chainlink's realized price is approximately $15.1. This price is identified as a strong support zone in case of potential pullbacks and serves as a critical accumulation area.
Increase in Wallets and Investor Confidence
The report also notes a steady increase in the number of wallets holding between 100,000 to 1 million LINK and over 1 million LINK. Alphractal emphasizes that despite many addresses remaining profitable, large investors have confidence in Chainlink’s long-term potential.
Price Dynamics of LINK
LINK's price has surged by an impressive 40% in the last month and, at the time of writing, it is trading at $23.70. Chainlink is currently the eleventh-largest cryptocurrency by market capitalization.
The provided data indicates a sustained interest in Chainlink among investors. The support level and increase in large holders may signal positive prospects for this cryptocurrency.
