Chainlink Price Faces Resistance But Long-Term Holders Remain Bullish

Chainlink (LINK) price has repeatedly failed to break past long-term descending resistance since June.

Long-term holders and institutions accumulating LINK, withdrawing from exchanges.

LINK co-founder says banks disadvantaged regarding blockchain adoption.

Elliott Wave analysis suggests LINK price correction may end soon around $6.95.

Support at $6.35 if $6.95 level fails; resistance at $8.10 on bounce.