Chainlink Price Continues Uptrend with $11 Target in Sight

Chainlink (LINK) is continuing its upward trend, according to analyst Michaël van de Poppe. The oracle network's price has been making higher highs and higher lows against BTC, a clear sign of an uptrend.

Van de Poppe projects a run towards $11 for LINK, but the token's current price is still below this target at $9.34. The price is also inside Bollinger Bands with upper resistance at $9.38.

Despite being above both the EMA50 and EMA200, as well as having a golden cross on the MACD, LINK is not yet in overbought territory according to the RSI. This suggests that there may still be room for further gains before the token reaches its peak.