Chainlink: Van de Poppe Sets $20 Target After Sweep

Chainlink completed the sweep of the $10.60 low and closed the week above it, confirming fresh buying pressure according to Michaël van de Poppe. The oracle token ran from $7 to $16 after the June bottom, then corrected 35 percent from the September high while forming a massive weekly bullish divergence on both MACD and RSI.

Price now sits at $11.78 inside the Bollinger Bands with the upper band at $12.13 acting as immediate resistance. The EMA50 at $11.60 provides nearby support while the EMA200 at $12.22 caps the next resistance zone. With RSI at 56.07 still neutral and MACD holding a bullish golden cross at 0.06, the structure favors continuation toward the $20 zone once price clears the upper band.