Chainlink Breaks $10 as Analyst Predicts Bull Market Ahead

Chainlink (LINK) has broken above $10, a significant milestone for the cryptocurrency. Analyst Michael van de Poppe claims that the bear market has ended and is now in favor of a bull market.

The price of LINK reached $10.558 on its way to higher targets, including $11, $11.50, $13.50, and $17. The 50-day average moved above the 200-day average, indicating a shift towards a stronger price structure.

Van de Poppe prefers buying dips below $9.20, but notes that the current setup continues to show strength across higher and lower timeframes. He views the next major resistance zone as the $10.80-$10.90 area.