Chainlink ($LINK) has surged above $13.65 for the first time since July, decoupling from other altcoins as it looks poised for a breakout.

Whale activity surrounding $LINK is at a three-month high, with major holders possessing between 100,000 and 10 million $LINK tokens accumulating an impressive value of $369.8 million over the past seven weeks, with holdings significantly increasing by 8.2%.

In the next 24 hours, the market will be focused on Chainlink's price movement. $LINK has formed a bullish ascending triangle pattern, and a breakthrough above the critical $15 level could occur. If $LINK's daily closing price exceeds $15, analysts expect it could rise by 48%, setting a target price of $20 for the coming week.

Technical indicators add weight to this optimistic outlook. $LINK is currently trading above the 200-day Exponential Moving Average (EMA) on the daily chart, indicating sustained upward momentum. The Relative Strength Index (RSI) is at 64.84, further strengthening the upward trend as the token continues to gain.

Additionally, the open interest for $LINK has risen by 11.5% in the past 24 hours, indicating an increase in trader interest and active positions. The rise in open interest highlights traders' growing confidence in Chainlink's bullish trajectory.

With whales accumulating and strong technical indicators supporting a potential rebound, Chainlink's trend in the coming days may determine its momentum heading into the end of the year. A breakthrough above $15 could mark a turning point, making $LINK one of the most watched assets as it aims to set new highs in a turbulent cryptocurrency market.