LINK Trader Eyes Entry Zones at $10.50 Amid BTC Price Volatility

Trader Michaël van de Poppe has identified two potential entry zones for Chainlink (LINK) if Bitcoin's price were to dip below $10.50.

In a setup that is considered a classic accumulation play, LINK already has a history of delivering strong runs in this cycle and maintains tight correlation with Bitcoin dips.

Currently, the LINK price sits at $11.82, within its Bollinger band's lower support at $11.51, while facing resistance from the EMA50 at $12.08 and a MACD death cross at -0.12.

Van de Poppe believes that any move toward $10.50 would align with a neutral RSI reading of 37.64 and provide clear confluence for dip buying before the next leg higher.