How Sustainable can the Pump in $LINK be?

If you have been observing the $LINK/USDT market, you will agree with me that there's been an unexpected and a high surge in the price of $LINK. It moved from $3.5 to $7.3 in less than no time. And I just believe that they whales are the ones behind this.

However, it is good for those who bought it when it was dipping and holding the $3.5 support.

As a result of this pump in the coin's price, I've seen some persons on Twitter advicing/ telling people to buy at that high rate. Some may buy and some persons may not. On my part, I wouldn't tell you to buy or not to buy. You have to do your research and take your decision independently. Anything could happen in the market, this is why you have to be responsible for whatever trading decision you make.

The question I've been asking myself is: how sustainable is that price surge? This is the same question you should ask yourself before jumping into this particular market. What happens if you go in and the price drops? It is always wise to observe first before going in.

There was a similar surge in dogecoin but we also watched it retrace to the bottom. It lacked sustainability. When the reason for a surge in price if a particular coin is not sustainable, their pump too will not last.

Posted Using LeoFinance