Chainlink (LINK) has surged 15% over the past week, despite significant sell-offs by long-term holders. The cryptocurrency rose 2.74% in the last 24 hours, buoyed by speculation that Franklin Templeton may include LINK in a new crypto ETF and the pre-sale of the Bitwise Chainlink Spot ETF. Market data indicates strong buying activity since late November, with a positive cumulative volume delta (CVD) suggesting bullish momentum. However, the Money Flow Index (MFI) remains at 35, indicating continued downward pressure. Analysts note that LINK needs to surpass the $16 mark to maintain its upward trajectory.