After a short pullback, Chainlink is now showing signs of a breakout. The LINK token is retesting an upper boundary of a massive 5-year falling wedge. A well-known bullish formation in technical analysis. This long-term structure, which has been compressing Chainlink price for half a decade, is now nearing its conclusion.Chainlink price is showing signs of a breakout after a recent pullback. The chainlink price is retesting the upper boundary of a 5-year falling wedge pattern. Meanwhile, Shiba Inu is still under pressure, with its price having dipped by over 5% to trade around $0.0000135.Falling wedge patterns usually form during extended downtrends. The formation represents the weakening of the dipping momentum, setting the stage for a massive breakout. The ongoing retest of the wedge’s upper trendline is significant. It points to the market’s attempt to push Chainlink price into a surging phase. Is it time to buy Chainlink?

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