Chainlink breaks key resistance levels, targeting $38, $59, and $102.
Whale accumulation and active addresses drive LINK’s price surge and bullish sentiment.
LINK outperforms Bitcoin, showing strong momentum and potential for further growth.
Chainlink (LINK) has recently surged through resistance levels, suggesting that a powerful rally could be on the way. Breaking above $13.65 for the first time since July, LINK has shown impressive momentum. With demand climbing and whale investors heavily accumulating, LINK now points to three potential targets: $38, $59, and even $102.
https://twitter.com/CryptoBullet1/status/1854872467568767460 Whale Activity Drives Chainlink’s Price Surge
Over the past month, Chainlink has outpaced most altcoins, even decoupling from broader market trends. This divergence has helped LINK gain momentum, showing resilience despite market fluctuations.
Chainlink has even outperformed Bitcoin recently, gaining strength as the BTC/LINK rate increases. According to data from Santiment, whale investors, particularly those holding between 100,000 and 10 million LINK, have accumulated an additional $369.8 million over the last seven weeks.
This 8.2% growth in whale holdings signals strong confidence from large holders who see further gains on the horizon. Active addresses have also risen from 41.1k to 45.1k, showing sustained demand and community engagement. Together, these trends suggest robust support for Chainlink’s price.
Short-Term Momentum Points to More Gains
Currently trading around $13.66, LINK has posted a 6.86% rise in the past 24 hours, with weekly and monthly gains of 21.07% and 28.16%, respectively. This steady climb indicates strong momentum and bullish sentiment.
If demand remains high, LINK could soon target $15 and may even approach the $19 resistance level. As Chainlink’s RSI and price action hint at more upward movement, investors have reason to watch these targets closely.
Whale accumulation and rising network activity reflect optimism for LINK’s growth, setting the stage for a promising rally. However, traders and investors should tread cautiously as price patterns are subject to market volatility.
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