Chainlink (LINK) has seen a rise in long-term holders even though the asset has faced bearish trends recently. This increase in long-term interest indicates confidence in the asset, and metrics show significant buying pressure. As a result, there is a potential for LINK to reclaim the $12.10 price level soon.
Despite recent price declines, the increased confidence among long-term holders is a positive sign for Chainlink. The buying pressure could push the price higher, showing resilience in the market.
Investors seem to believe in the long-term prospects of Chainlink, which could lead to a turnaround in its price trajectory. The market dynamics suggest a more optimistic future for the cryptocurrency.
