Glassnode Reveals Critical Prices for a Altcoin: What Does Each Mean? - Coin Bulletin

Bitcoin (BTC) continues to experience a general decline in cryptocurrencies, while important price levels and their meanings have been announced for an altcoin.

Glassnode has revealed the most critical price levels for Chainlink (LINK). According to the company's analysis, the levels of 14.6 dollars and 16 dollars are of great importance for LINK investors. These levels stand out as regions where long-term and strategic investors are active. In particular, purchases made at these levels indicate that investors are strongly holding at these prices.

According to Glassnode's analysis, purchases made at the 16 dollar level occurred at prices that dropped from 29 dollars to 19 dollars in December 2024. Similarly, purchases continued when the price also fell to 18 dollars during the correction in February 2025. The purchases made at this point indicate the presence of investors with high confidence and strategic positioning. Glassnode emphasizes that these investors have a low probability of selling at current price levels. Investors are adopting a long-term and cautious strategy around 16 dollars.

On the other hand, purchases at the $14.6 level have been made less frequently but very cautiously. At this level, purchases were made at $17 and $28 in December 2024, and at $25 in January 2025. Especially the large purchase made after the price dropped to $12 on March 15 indicates that LINK investors have adopted a patient and long-term approach. These purchases reveal that investors are pursuing a long-term growth target rather than quick profits.

According to Glassnode, investors who positioned themselves at the $16 level have made strategic moves and invested with a strategy they have high confidence in. These investors are aiming for long-term growth, expecting prices to stay at these levels. Meanwhile, investors at the $14.6 level are taking a patient and long-term approach, preferring to assess their gains over a longer time frame rather than realizing them hastily.