LINK Price Faces Resistance as Whale Holdings Shrink | Airdrop Alert Pro

chain link (LINK) Prices recently reached their highest levels in three years, rising an impressive 87% in the past 30 days. However, LINK has pulled back nearly 5% in the past 24 hours, indicating possible short-term weakness.

Whale activity has also declined, with the number of large traders declining steadily since late November, suggesting major investors are being cautious or taking profits.

LINK whales have stopped accumulating since late November

Wallet holdings between 100,000 and 1 million association It has fallen to 516 from the three-month high of 558 set on November 19. Recently, the number dropped from 524 on December 14 to 515 on December 15, indicating a significant reduction in large holders in the short term.

This decline may indicate that some whales are reducing their positions, which may reflect caution or profit-taking in the current market conditions.

Tracking whale activity is crucial as these large holders often have a significant influence on price movements. A decline in whale numbers could signal a loss of confidence or a shift in sentiment among major investors, which could increase short-term selling pressure association.

However, if this downward trend stabilizes or reverses, it could indicate fresh accumulation that could support a price rebound in the short term.

Chainlink BB Trends is falling

chain link BBTrend is currently at 7.46, reflecting a positive trend since December 14, but showing signs of weakening after peaking at 19.31 on December 15.

This decline suggests that although Chain link price Still in an uptrend, momentum has slowed in recent days, suggesting a possible short-term consolidation or pullback.

BBTrend is a momentum indicator derived from Bollinger Bands. It measures the strength and direction of price trends. Positive BBTrend values ​​generally indicate bullish momentum, while falling values ​​indicate weakening strength.

and association BBTrend fell to 7.46, possibly signaling that the current uptrend is losing steam. Unless buying pressure returns, this could lead to a period of sideways trading or a short-term pullback.

LINK Price Prediction: Will LINK Drop Below $20 Soon?

LINK’s short-term EMA line is currently above the long-term EMA line, maintaining a bullish structure for now. However, the short-term moving average is trending downward, and if it falls below the long-term moving average, it could signal a bearish turn.

If support at $26.89 fails to hold, link price It may face further declines, possibly to $22.41 or even $19.56.

On the other hand, if the uptrend regains momentum, link price A rebound and test of resistance at $30.94 is likely. This level will serve as a key target for bulls to reassert control and sustain the broader upward trajectory.