Chainlink: Van de Poppe Sets $14 Target After $11 Run
Chainlink at $10.59 as Michaël van de Poppe flags consolidation after $11 run and eyes $14 next in bull momentum.
SourceAnalysis
Chainlink is entering bull market momentum according to Michaël van de Poppe, who noted the token ran to $11 and called that level the end of the current rally zone.
Traders should watch for consolidation that creates fresh entry opportunities before the next leg higher, with van de Poppe setting the immediate target at $14. This LINK price prediction aligns with the broader crypto market structure seen over the past year.
Price action on the 4h chart shows Chainlink testing upper Bollinger resistance at $10.62 while RSI sits at 81.61 in overbought territory, making a healthy retracement to the 50-EMA support at $9.44 probable before continuation, even as the MACD golden cross and position above the 200-EMA at $8.7 keep the longer-term trend intact.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast