The path to a new all-time high for Chainlink (LINK) could open up if it can break past a resistance block, according to analyst Ali Martinez. The resistance barriers for LINK are currently being analyzed in terms of on-chain cost basis distribution. Many LINK investors acquired their tokens in the $18.4 to $26.3 range, with around 100,220 addresses purchasing 57.2 million LINK at these levels. The cost basis of many investors around the $22 range could make it difficult for LINK to break through these levels. However, if it can clear this hurdle, it may have an easy run up to a new all-time high. Nearby ranges like $13 to $15 and $11 to $13 could provide support if the asset goes through a correction. Chainlink has seen a 10% rally over the last 24 hours, reaching $18.4.



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