Chainlink token has been quite bullish since it started the climb in January this year. Its value has more than quadrupled since then as this cryptocurrency keeps making new highs, after every pullback down gets bought from buyers.

We have seen two major pullbacks in LINK/USD, one in the second half of February and the other in the second half of April. But then have both ended and the bullish trend has resumed, as this crypto keeps pushing to new highs.

Chainlink Live Chart 

April’s high above $44 were broken today, as the price climbed really close to $45. The 20 SMA (gray) has been doing a great job in the last couple of weeks, holding as support during pullbacks down and pushing the price higher. Now the price has retreated off the highs, but the momentum remains really bullish and retraces lower should be seen as good opportunities to go long on Chainlink.