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. 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." A rising trendline connects the lows since the spring selloff. Price now sits above that line, which supports the uptrend read. Two resistance bands sit overhead.
The first runs near $10.87, while the second waits around $14.42. His $11 target therefore sits just above the first band. Momentum on the lower oscillator has flipped positive after months below zero.
Relative strength against Bitcoin strengthens the argument. LINK has printed higher highs and higher lows on that pair for weeks. Van de Poppe reads this pattern as a fresh macro uptrend rather than a relief bounce.
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