Chainlink: Analyst Sets $11 Target on Uptrend

Chainlink continues its ascent as Michaël van de Poppe declared the token is building an uptrend with fresh higher highs and higher lows against BTC, projecting a run toward $11.

The oracle network that powers the majority of DeFi protocols and onchains capital markets shows price at $9.34 trading inside Bollinger Bands with upper resistance at $9.38. Price sits above both the EMA50 at $8.67 and EMA200 at $8.31 while MACD registers a golden cross at 0.2, confirming trend strength; RSI at 69.59 leaves room before overbought territory, suggesting any pullback would likely find support at the 50-EMA before continuation.

Traders tracking LINK price prediction and Chainlink oracle network adoption note the recent outperformance cycle versus Bitcoin has only just begun, with volume supporting further gains.