TRUMP·Chainlink: Tension Rises Amid Whale Accumulation... Weekend to Decide Fate

▲ Official Trump (Official Trump, TRUMP), Chainlink (Chainlink, LINK), Cryptocurrency Whale/AI Generated Image

This weekend, major altcoins are preparing for decisive movements. Large-scale accumulation by whales and technical rebound signals are drawing market attention. Crypto media outlet BeInCrypto selected altcoins that are expected to show volatility over the weekend on April 17 (local time).

The first asset is Official Trump (TRUMP). The holdings of the top 100 wallet addresses increased by 2.47% over the past 7 days. Approximately 23.5 million TRUMP flowed into whale wallets. In contrast, exchange balances plummeted by 9.05%, with about 14 million TRUMP flowing out of centralized exchanges. Whales appear to be aggressively absorbing the circulating supply.

This accumulation comes ahead of the Mar-a-Lago conference scheduled for April 25. The top 297 holders will receive attendance tickets to the event. In particular, the top 29 whales will be offered an opportunity for a presidential VIP reception. These clear positive factors are increasing weekend volatility. On the chart, it is consolidating between $2.77 and $3.11. A double-bottom pattern is forming based on the $2.77 support level. If it breaks above $3.11, there is a high probability of rising to $3.51.

Chainlink (LINK) also showed strong accumulation signals. Whale holdings outside exchanges increased by approximately 12.85 million LINK in one day, which is worth about $122 million at current prices. The inflow of institutional funds is also accelerating. Chainlink spot ETFs saw a net inflow of $1.57 million on April 16, the largest amount since March 19. It recorded net inflows for six consecutive days, marking the longest continuous inflow since its launch.

The tension between technical indicators and supply/demand is tight. A head and shoulders pattern is forming on the chart. After forming the head at $10.07 on March 16, the right shoulder completed near $9.68. Whales and spot ETFs are aggressively absorbing volume at the point where a bearish reversal pattern appears. It remains to be seen whether the buying pressure from large capital will overcome the technical downward pressure.

For Chainlink to turn bullish, it needs to close the daily candle above $9.68. If it surpasses $10.07, the bearish pattern will be completely invalidated. Conversely, if it fails to maintain support at $9.24, it could fall to $8.97 and $8.74. If the $7.96 neckline breaks, an additional sharp decline of approximately 17.5% could occur.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*