According to cryptocurrency analyst Michaël van de Poppe, Chainlink (LINK) has broken out of a long-term trading range that lasted over 500 days. After this significant technical breakout, LINK is currently trading around $11.
Van de Poppe notes that if LINK retests support around $9.50-10.00, it would present a great buying opportunity for investors. Even with a potential retest of support, the overall trend remains bullish in his view.
Looking ahead, van de Poppe identifies the next key resistance levels for LINK at $12.50 and $18. Breaking above these levels would confirm the uptrend.
Read also:
- DOT Expert Explains Why You Need to ‘Buy Polkadot Before It’s Too Late’
- Ethereum Whale Makes Another Big Buy Amidst Price Rally
- XRP price stuck under $0.60. Will XRP, TRX, or $ROE Reach $1 First?
In summary, van de Poppe highlights that Chainlink’s technical breakout and bullish structure point to further upside. He suggests that any pullback to $9.50-10.00 may give investors another chance to get in before LINK pushes higher. According to him, this would be a “great opportunity” for those looking to add to their LINK position.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
