Chainlink's weekly 40% rally could be a 'bull trap' for LINK's price

There is a growing gap between LINK's rising prices and its declining momentum, signaling a tiresome bullish trend in the market.
Chainlink's price at $18.55 reached a two-year high of $19.75, up nearly 40% in the past week. At least three catalysts boosted investors' confidence and catalyzed this buying behavior.
However, the fact that the price increase is not accompanied by strong momentum increases the risks of a bull trap. Let's take a closer look at these factors.
Why is the price of LINK increasing?
First, there was a significant activation in previously inactive wallets, which led to the highest increase in the "Age Consumed" metric ever recorded. Santiment argues that the sudden introduction of old LINK tokens into circulation contributed to the price increase.