Chainlink's Bullish Momentum: Can It Sustain Amidst Market Pressures?

Chainlink (LINK) experienced a 52% gain in November, reaching $18.63, but rising sell-side pressure is evident as more tokens are sent to exchanges. Despite increased wallet profitability and a positive Chaikin Money Flow indicator, buying volumes remain low, with active addresses dropping significantly. Open interest in derivatives has surged, indicating traders are opening new positions, mostly long, betting on further gains. For LINK to continue its uptrend, increased buying activity is necessary to overcome resistance at $19.