Chainlink (LINK) Price Rises 8% While Whale Activity Decreases

The price of Chainlink (LINK) has increased by more than 8% in the past 24 hours, with trading volume surging 106% to reach $1.04 billion. However, the activity of "whales" remains stable, with the number of addresses holding between 100,000 and 1,000,000 LINK remaining at 527 after reaching a peak of 534. The increase in the number of these addresses from 510 to 534 indicates strong accumulation by large investors. Although the Chainlink RSI has jumped from 36.9 to 64.3, close to overbought levels, the lack of accumulation activity from whales may suggest caution about the ability to maintain the uptrend. It is predicted that LINK may test the resistance level of $25.99, with potential targets of $27.46 and $30.94. However, if selling pressure increases, the price may correct down to the support level of $21.32 or lower at $20.02.