Chainlink Analysts Call for “Massive Pump” in LINK Once Price Closes Above This Level

Many analysts have had a positive outlook on LINK’s price, and the price has also been pumping since two days ago, surging more than 25% this week alone.

Johnny: Breakout Could Lead to Massive LINK Pump

According to Johnny (@CryptoGodJohn), Chainlink is attempting to break out of a 520+ day trading range. He notes that a Chainlink breakout here could lead to a “massive pump.”

The price has been consolidating since May 2022 and it is looking ready to finally breakout. Looking at the more than a year long range, a close above $9.5 can lead to a massive pump.

Crypto Yapper: LINK is Absolutely Pumping

Crypto Yapper (@CryptoYapper) also sees signs of bullish momentum, stating that Chainlink is absolutely pumping and breaking out. He believes this could mark the start of a bull market for LINK, which has already gained over 20% this week.

If the breakout doesn’t occur, LINK may be moving back to the bottom of the consolidation at around $5. But if LINK can close decisively above $9.5, analysts believe it could be the start of a major bull run.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.