Chainlink (LINK) has emerged as one of the top gainers among the leading 20 cryptocurrencies in the past 24 hours, despite conflicting technical signals. The BBTrend indicator, positive since November 25, has weakened significantly. Despite this, there is potential for a 42% surge to $30 if LINK breaks above current resistance levels. A decrease in Chainlink whale holdings over the last two weeks suggests a change in sentiment. The number of wallets holding between 100,000 and 1,000,000 LINK has dropped from 558 to 533, indicating that large investors may be taking profits or adjusting their positions. Monitoring whale behavior is crucial as these holders can impact price movements. The decline in whale accumulation may indicate bearish pressure on LINK in the short term. The BBTrend indicator, measuring trend strength, has weakened, potentially signaling a trend reversal and increased selling pressure for LINK. A successful breach of $22 could lead to a target of $25 and potentially $30, a 42% increase from current levels. Failure to maintain upward momentum could result in a correction towards $16.18 and possibly $13.8. Read more AI-generated news on: https://app.chaingpt.org/news