{"id":54093,"date":"2025-10-21T21:48:51","date_gmt":"2025-10-21T21:48:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54093"},"modified":"2025-10-21T21:48:51","modified_gmt":"2025-10-21T21:48:51","slug":"54470000-link-bought-at-16-major-support-zone-forms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54093","title":{"rendered":"54,470,000 LINK Bought at $16: Major Support Zone Forms"},"content":{"rendered":"
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Recent data shows that Chainlink (LINK) has established strong buyer interest around the $16 level. On October 19, more than 54.47 million LINK were acquired, according to a cost basis heatmap shared by Ali Martinez.<\/p>\n

At press time, LINK was trading at $18, with a 24-hour decline of 5% and a weekly loss of 3%. Daily trading volume stands at $1.05 billion.<\/p>\n

$16 Identified as Heavy Accumulation Range<\/h2>\n

The cost basis heatmap highlights a dense concentration of wallet activity at $16. This level now marks a key reference zone on the chart. The visual shows a strong horizontal cluster, which reflects a high number of tokens changing hands in that range.<\/p>\n

The accumulation suggests market participants see value at this level. A large volume of tokens held here may reduce selling pressure, especially if prices return to that zone. Ali Martinez described<\/a> the area as a \u201cstrong support zone<\/em>,\u201d based on the size of the holdings.<\/p>\n

A separate chart from Ali shows<\/a> a long-term triangle pattern with price squeezing between rising and falling trendlines. LINK is currently positioned around the middle of the formation.<\/p>\n

The analyst noted:<\/p>\n

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\u201cThe next time Chainlink breaks $25, it could ignite a bull rally to $100.\u201d<\/p>\n<\/blockquote>\n

Fibonacci projections on the chart show possible continuation levels at $32, $53, $74, and $99, if the price breaks out and holds above $25.<\/p>\n

\"LINK<\/a>
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

Historical Price Action and Market Response<\/h2>\n

Past market behavior shows how LINK responded to major downturns. In March 2020, during the COVID-19 crash, LINK dropped 80% in one day. Over the next 15 months, it gained more than 3,700%, reaching above $50. This data was shared by Micha\u00ebl van de Poppe, who noted how sharp declines can become recovery zones.<\/p>\n

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The COVID-19 crash was the lowest point in the previous cycle for many #Altcoins<\/a>.$LINK<\/a> went down 80% in a single night.<\/p>\n

It did make a 3,700% since then in 15 months.<\/p>\n

In hindsight, the largest crashes are the best financial opportunities. pic.twitter.com\/eMb9AExWy9<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) October 20, 2025<\/a><\/p>\n<\/blockquote>\n