Chainlink is trading near 14.6 USD support and 16 USD resistance, with significant accumulation by long-term holders indicating a potential rally.

Approximately 65 million LINK is held at the 14.6 USD level, showing strong support. Investors appear to be positioned for long-term rather than short-term trades.

Technical analysis shows LINK under both 50-day and 200-day moving averages. However, the recent bounce from 12 USD could signal a potential bottoming pattern.