It’s hard to tell whether the market will allow the token to continue to surge. Michael van de Poppe, full-time trader at the Amsterdam Stock Exchange believes that in the short-term, we could expect a pullback and a dip in LINK prices after a rejection. He noted that the token might “be on a slight support now, otherwise, we’re going to test the lows around $7.15 again.”

Traders and investors are cautiously optimistic for the longer-term strength of Chainklink. Given how bearish the market has been, the overall continues growth of the token will be tested based on strong fundamentals, DeFi growth, and consistent partnerships.