Chainlink (LINK) has been trading between $12 and $13 since early April, 2025, showing little price movement. According to an analysis shared on X by Ali Martinez, key on-chain levels could determine LINK's future trajectory.
Data from IntoTheBlock indicates significant support for Chainlink around $12.28 - $12.62. In this range, 11,130 addresses purchased 26.55 million LINK tokens, valued at $331.07 million (average price of $12.47). This level may act as a support, as investors are likely to defend their positions.
The analysis also points to major resistance between $14.19 and $14.58, where 20,930 investors acquired 21.19 million LINK tokens. The tokens are worth $304.5 million at an average price of $14.37. As of today, LINK is trading around $12.58, up 1% in the last 24 hours.