
- Chainlink price retests and finds support around its descending trendline at $16.91, while eyeing a recovery ahead.
- On-chain data paints a bullish picture as LINK’s daily active addresses and revenue generated are rising.
- Supply Distribution data shows that two cohorts of whales bought LINK during the recent price dip.
Chainlink (LINK) price is retesting and finding support around its descending trendline throwback at $16.91 this week, eyeing a recovery ahead. On-chain data supports the recovery as LINK’s daily active addresses and revenue generated are rising. Moreover, LINK’s Supply Distribution data shows that two cohorts of whales bought LINK
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