Chainlink (LINK) has seen an 8% price increase in the past 24 hours, accompanied by a 106% rise in trading volume to $1.04 billion. Despite this, whale activity has stabilized, with the number of addresses holding between 100,000 and 1,000,000 LINK remaining at 527. This stability follows a peak of 534 addresses, indicating a period of accumulation by large investors. Monitoring whale behavior is crucial as it can impact price trends significantly. The recent stabilization suggests a neutral sentiment among large holders. Chainlink's Relative Strength Index (RSI) has surged from 36.9 to 64.3, nearing overbought levels. The RSI, a momentum indicator, hints at potential price movements. EMA lines suggest a Golden Cross formation, signaling a bullish trend. While the current surge may face resistance, continued buying pressure could lead to further gains, with targets at $27.46 and $30.94. However, a reversal could occur if selling pressure increases, testing support levels at $21.32 and $20.02. Read more AI-generated news on: https://app.chaingpt.org/news