Chainlink $LINK has experienced a significant price increase of approximately 12.75% over the last 14 hours, supported by strong bullish technical indicators such as EMA alignment and MACD momentum, as well as high trading volumes and positive cash flows.$LINK
Whale activity indicates strong accumulation, with many large purchases and withdrawals from exchanges, the total amount of which is in the tens of millions of dollars, indicating confidence in LINK's future performance.
Despite the bullish momentum, LINK is currently in overbought territory according to the relative strength index and is approaching strong resistance levels, suggesting the likelihood of a correction or consolidation in the short term.