Chainlink Price Fluctuates Around $15 as Holders Aim for $20 Target
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Chainlink (LINK) price hit a new 2023 peak of $16 on Nov. 9 before falling 10% below $14.5.
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On-chain data shows 1.4 million LINK has been removed from exchanges this week, indicating holders are positioned for further gains.
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Chainlink's new user growth rate reached a 4-month high, driving increased demand for LINK.
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LINK must break $15.40 resistance for bulls to be confident of reclaiming $20.
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If price falls below $10 support, over 50k holders who bought at $10.85 could mount a defense.