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- Glassnode identifies $14.6 and $16.0 price clusters in Chainlink, signaling strong long-term investor support.
- The $16.00 price level holds 20 million LINK, with strategic buys during dips, showing long-term investor commitment.
- The $14.6 cluster holds 65 million LINK, with key buys during market dips, indicating a long-term bullish outlook.
Analytical platform Glassnode shared important data about the tendencies and price movements of Chainlink (LINK). In the Cost Basis Distribution, the platform has identified two main price nodes, namely $14.6 and $16.0. These levels have important roles with regard to long-run investors. Both clusters represent the batching behavior of active investors who did not exit LINK since 2024 and have shown interest up to 2025.
Chainlink Key Levels to Watch
The first price cluster at $16.00 consists of around 20 million LINK tokens. There exists strategic demonstration of buying behaviour on the part of this group of investors. They bought at certain price dips in December, February and especially in March. These purchases by shareholders were undertaken with a long-term perspective, thus making $16.00 level a firm support area. These investors are not going to sell, thereby boosting the stability of the price at this current brackets.
The $14.6 cluster is bigger and contains about 65 million of the LINK tokens. However, few purchases have been made at this level of the market. Some investors acquired LINK at $17 and $28 in December, others bought it at $25 in January. The most significant increase was observed in March to which price was able to rebound at $12. Such actions indicate that the holders of this cluster are long-term oriented players and not interested in short term gains.
Source: X
LINK Long-Term Holders
Chainlink’s cost basis distribution shows that the present-day holders are not short-term trading entities seeking gains. They are rather long-term players that attempt to have a place set during a market downturn. These outlooks due to the accumulation during the price drops are indicative of a staunch belief in the token as an appreciating asset.
Despite these trends, these two price clusters will be essential to Chainlink throughout the year 2025 and beyond. The $16.00 and $14.6 levels could be considered dependable support levels to ensure a rapid reduction does not occur. Should the actual price sustain higher than these levels it can coincide to indicate that more long-term investors are bullish.
The price targets of $14.6 and $16 can be supplied by highly engaged and patient investors. These levels of support and resistance are key in determining the price movements of Chainlink. Both traders and investors should pay attention to these clusters as they reflect the current commitment of LINK’s holders in the market.
