Chainlink Bulls Eyeing $14.50-$15.00 Zone Despite Current Overbought Conditions

Michaël van de Poppe is predicting strong continuation for Chainlink (LINK) towards the $14.50-$15.00 zone, but first it needs to overcome its current resistance at $12.39.

The price of LINK currently sits at $12.35 within its Bollinger Bands and has been testing upper resistance, which is causing a possible overbought reading on the Relative Strength Index (RSI) with 71.13 being the score.

This might lead to a healthy retracement towards the 50-Exponential Moving Average (EMA) support at $11.67 before Chainlink continues its upward trajectory toward Van de Poppe's target zone.

The broader bullish structure of Chainlink is reinforced by its EMA200 at $10.50, and the MACD golden cross at 0.21 further supports this momentum.