Chainlink: Momentum Builds as Valuations Undervalued

Chainlink continues building momentum this cycle as established protocols deliver products with real product-market fit, leaving current valuations extremely undervalued compared to incoming growth, according to trader Michaël van de Poppe.

Price at $13.99 sits just below the EMA50 resistance at $14.03 while the EMA200 at $13.03 anchors longer-term support. The MACD registers a bullish golden cross at -0.06 even as the broader trend stays bearish, and neutral RSI at 48.14 leaves room for continuation. Trading inside the Bollinger bands, LINK eyes the upper band at $14.32 next before any pullback to the 50-EMA support zone.