Chainlink Price Analysis: Michaël van de Poppe Predicts LINK Price All Set For 90% Spike
The post Chainlink Price Analysis: Michaël van de Poppe Predicts LINK Price All Set For 90% Spike appeared first on Coinpedia Fintech News
The rise of decentralized financial (DeFi) ecosystems has paved a promising path for the Chainlink (LINK) network, renowned for its dependable price feeds that cater to developers’ needs. This flourishing DeFi landscape owes much of its success to an active network of decentralized data node providers, dedicated core developers, and committed investors. Notably, Chainlink’s price feeds have seamlessly integrated into nearly all leading DeFi protocols, including Base, a layer two scaling solution backed by Coinbase.
Jesse Pollak, Creator of Base and Head of Protocols at Coinbase, lauds Chainlink Price Feeds as a top-tier solution for developers, emphasizing their impeccable attributes of security, reliability, and user-friendliness.
Anticipating Further Gains for Chainlink (LINK)
#Chainlink going on schedule. pic.twitter.com/lNTtiEIzYG
— Michaël van de Poppe (@CryptoMichNL) August 9, 2023
Michaël van de Poppe, a highly respected crypto analyst, and trader based in Amsterdam, Netherlands, offers an insightful technical analysis of Chainlink’s price trajectory. He projects a promising road ahead, suggesting that Chainlink’s price is poised to extend its rally, potentially reaching $13 in the foreseeable future.
Poppe’s prior forecast of a potential Chainlink price rebound around $7 has indeed materialized, aligning with Bitcoin’s surge toward the $30 mark earlier this week. Building on this momentum, the crypto analyst envisions LINK’s price continuing to surge as long as the bulls can surpass a critical resistance level of approximately $9.2.
Solidifying Chainlink’s Upward Momentum
The optimism surrounding Chainlink’s climb to $13 gains further credibility from the asset’s horizontal consolidation over the past year. Despite intermittent challenges from bearish forces, the lower resistance border has proven resilient, indicating a favorable environment for bulls to propel LINK to new heights. Poppe’s analysis aligns with the overarching trend of the macro crypto bull market, offering a positive outlook for Chainlink’s prospects.
Filed under: Bitcoin - @ August 9, 2023 12:27 pm