Analysts Are Expecting Chainlink (LINK) to Pull Back After Parabolic Advance
Chainlink (LINK) has been embroiled in a parabolic rally in recent weeks. The asset has gained hundreds of percent since the March capitulation lows. Chainlink could undergo a correction as technical signals suggest that the asset is overbought. There are also on-chain signals that show LINK investors are hesitant to believe the rally will continue. What may boost the asset’s bull case, though, is an increasing number of short position holders. This increases the likelihood of a “short squeeze” that will transpire, pushing prices higher once again. Chainlink Could See