LINK Price Jumps 8% in 24 Hours Despite Whale Slowdown | Airdrop Alert Pro

chain link (LINK) Prices surged more than 8% in the past 24 hours, with trading volume soaring 106% to $1.04 billion.

Despite the strong price action, whale activity has stabilized, with the number of addresses holding 100,000 to 1,000,000 LINK holding steady at 527 after a previous peak of 534.

LINK Whale remains neutral

The number of addresses held is between 100,000 and 1,000,000 association The whale count rose sharply from 510 on December 18 to a monthly high of 534 on December 27. The surge in whale activity highlights a period of strong accumulation and reflects heightened interest from large investors during this period.

Tracking the behavior of such whales is crucial as their buying and selling patterns can heavily influence price trends. Accumulation by whales often signals confidence in an asset and can drive prices higher as their high volumes of trading create upward momentum.

However, after peaking at 534 addresses, the number began to decline slightly and stabilized at 527. The recent stability suggests that large investors are currently neither accumulating nor selling heavily. association Hold, suggesting neutral sentiment.

Although the price has surged 8% in the past 24 hours, the lack of continued whale accumulation may indicate caution about the sustainability of the recent rise. In order for LINK price to maintain its upward trajectory, these large holders may need to renew their interest and increase their activity to provide additional support.

Chainlink RSI signals possible recovery

chain link Relative Strength Index (relative strength index) experienced a sharp rise, jumping from 36.9 to 64.3 in just one day. The rapid rise reflects a major shift in momentum driven by strong buying pressure following recent price increases.

RSI is a widely used momentum indicator that measures the speed and magnitude of price movements on a scale of 0 to 100, providing insights into whether an asset is overbought or oversold. Readings above 70 indicate overbought conditions and often signal a potential pullback, while readings below 30 indicate oversold conditions and the possibility of a recovery.

64.3 hours, chain link The RSI is approaching overbought territory, suggesting that while buying momentum remains strong, the asset is approaching a key threshold where the upward movement may start to face resistance. In the short term, this RSI level suggests that LINK still has room for modest gains, but traders should watch for signs of exhaustion as it approaches 70.

If buying pressure persists, the RSI could move into overbought territory, indicating that a temporary consolidation or correction may be in sight before further price action occurs. Conversely, a stabilizing or declining RSI may signal that momentum is starting to wane.

LINK Price Forecast: Can it return to $30 in January?

chain link The EMA line indicates that a Golden Cross may form soon. The Golden Cross is a bullish indicator that occurs when the short-term EMA crosses the long-term EMA.

If this golden cross materializes and the current uptrend continues, link price May see significant upward momentum. The price is likely to test the $25.99 resistance, a break above which could pave the way for further gains. The $27.46 target and potential $30.94 could mark significant growth for the asset.

On the other hand, recent whale activity and rising RSI suggest that the current rally may not be fully sustainable, leaving room for a potential reversal.

If the uptrend falters and selling pressure increases, link price It could face a pullback to test its immediate support at $21.32. Failure to hold this level could see the price drop further to $20.02, signaling a deeper pullback.