Chainlink Price Rockets Over 7%, Targets $11

Chainlink's price has surged over 7% in the last 24 hours, reaching $9.48 and putting it on track to hit $11.

This rally comes after months of sluggish price moves for LINK, but according to Michael van de Poppe's chart, the token is now forming an ascending pattern that could propel it higher.

The chart shows a sequence of higher bottoms as the token climbs from its recent bear market bottom, and Van de Poppe has identified several horizontal price levels above the current price, including $10.87 and $11.40.

Meanwhile, Wick's chart presents a different view of the Chainlink setup, showing a marked sell range that was triggered after the price slightly exceeded the expected range.