Chainlink Bull Market Returns as Analyst Targets $11 for LINK
Chainlink (LINK) has left its bear market behind, according to analyst Michaël van de Poppe, who now expects a run toward $11. The token trades at $9.35, up 6.2% for the day.
The Dutch analyst points to higher highs and higher lows across the LINK chart. Meanwhile, Bitcoin sits in a quiet range, giving traders very little direction.
Chainlink Bull Market Case Rests on the $10.87 Barrier
Van de Poppe's three-day Binance chart shows LINK closing a candle at $9.33 for a 4.98% gain. That candle opened at $8.887 and reached a high of $9.746.
The rally has run for four straight sessions since August 11. LINK has climbed 12.3% over the past seven days and holds a $6.97 billion market cap, ranking 17th.
Michaël van de Poppe put the shift plainly in a post on X.
"It's no bear market anymore for $LINK."
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