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. LINK Price Performance.

Source: BeInCrypto Markets Michaël van de Poppe put the shift plainly in a post on X. “It’s no bear market anymore for $LINK.” $LINK is not stopping soon. It's hitting itself into an uptrend, and I think we'll continue to run towards $11.