It reminds me identically to MATIC. And it reminds me that there is still a significant amount of "dumb money" in this space. Now, hopefully you don't take offense to this. It's just a reference to how people will hold on to hope and continue to chase a bubble, long after the bubble popped. This is an emotional behavior that market makers want, and it leads to a promising future for crypto that these types of people still exist in this space. Market makers want to know that they can exhibit FOMO and hope. That's how they make money.
So, it's a good thing the market still behaves like this, for those who accumulate ahead of time and sell into that behavior, rather than chase it.
However, LINK / USD is doing a classic bubble pop correction.
-70% after the pop. A +100% bounce. Followed by another -70% fall.
Do not chase what occurred from April-June. That's long over. Look for other coins that are in the accumulation phase that LINK was in leading up to that move. Do not chase the backside correction of that move, expecting it to do it again.
Even basic technicals and telling you “no”.