Chainlink (LINK) could be gearing up for a strong upside move, according to prominent crypto analyst Michaël van de Poppe.
In a recent post, van de Poppe highlighted a bullish divergence forming on the daily timeframe, signaling potential momentum for an upward breakout in the LINK/BTC pair.
He pointed to the 3000 satoshi level as a first potential target, marking a 47% move from current levels. “We’re likely seeing the start of a new uptrend,” he noted, sharing a chart that identified the key breakout zone already being tested. The price chart also shows increasing volume and improving RSI, which may support the bullish case.
Meanwhile, Chainlink is currently trading at $18.26, showing slight gains of 0.06% over the last 24 hours and 2.66% over the past week. Its market cap stands at $12.39 billion with over $547 million in daily trading volume.
LINK’s relative strength could be signaling a trend reversal, especially as traders begin to rotate into altcoins. The bullish divergence on the chart and renewed volume may provide the technical foundation for a larger move if the breakout confirms.
If momentum sustains and the 3000 sats level is reached, it could mark one of LINK’s strongest BTC pair recoveries in recent quarters—especially following months of underperformance compared to other majors.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/chainlink-looks-ready-to-bounce-is-a-big-move-coming/