Chainlink Price Retakes Support: Signals a Potential Major Pump

Chainlink (LINK) price has staged a comeback, reclaiming its critical 200 EMA support level after weeks of consolidation. Analysts believe this indicates the beginning of a significant price surge. The break above the pivotal line suggests the start of a new strong uptrend. This comes on the heels of LINK’s recent quiet accumulation near key resistance levels in the $16-$17 area, signaling a shift from indecision to bullish energy. 200 EMA is often seen as a crucial turning point for price movements. 200 EMA has finally been crossed over, and it is now acting as support as bulls regain control after weeks of hesitation.