The post LINK Price Analysis: Is LINK Ready For A Year-Long Breakout? appeared first on Coinpedia Fintech News
With remarkable growth in recent weeks, the LINK price has increased by 22%, leading to a sharp reversal. Moreover, the uptrend in Chainlink’s price challenges the 50-week EMA, teasing a potential breakout. 
In addition to the EMA breakout, the uptrend also displays a possibility of a long-term consolidation breakout
Despite the volatility in the daily chart, the LINK price action forms a channel pattern in the weekly chart. This represents a consolidating sideways trend in the bigger picture. However, the reversal chances exist as long as the uptrend remains below the overhead trendline. 
Currently, the LINK coin price trades at $7.49, with a growth of 7.43% in the last 24 hours, leading to a bullish engulfing candle. Therefore, the overall trend momentum and the market sentiment are extremely bullish. 
In like fashion, the daily chart remains bullish and shows the LINK

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