Chainlink Retests $14: Here’s What Will Happen If Support Holds
Summary
Chainlink has retested the $14 level and whether support continues at this mark will be crucial to its future movements. The cryptocurrency is currently in a key on-chain demand zone, a price range that is viewed as significant based on the number of investors who bought their coins within this range. If the price retests the $14 level, investor reaction can be variable, but it may cause a significant impact on the market. Approximately 11,470 addresses have acquired 23.45 million of LINK within this range. If Chainlink stays above this zone, the asset could reach new highs, however it may face difficulty in recovery if it slips below this range.
