The technical framework of Chainlink (LINK) is promising and may lead to massive returns. Popular crypto analyst, Michaël van de Poppe, has said that the token was currently looking quite simple to trade at its current prices, with recent network improvements and undervaluation contributing to a bearish outlook.
On the daily chart of LINK/USDT on the exchanges, this currency shows a long-term downtrend since June 2025, with higher lows noticed on the higher timeframe.
This positive momentum has been bolstered by a strong support area in the range of $10 to $12, which has also caught the bearish movements on the market many times.
Key Levels in Focus
Van de Poppe finds the area of the $18 to $20 range as a great accumulation area. This level, which had in the past served as resistance on previous rallies, is seen as a possible launch pad to the next leg up.
Any pullback of 18-20 is an excellent opportunity to be stepping in before it can reach 30+, the analyst wrote on X (formerly Twitter).
In that chart, there is also an important breakout pattern above the price level of 20, and this means that there would be a possible bull market rally. Above this, there is another big one at the level of $30.
LINK’s Breakout Structure Developing
Technically, LINK has already broken the lower timeframe resistance near $15- $16 and powered through the $19 barrier. Its current price of about $21.46 falls well above these danger areas.
The bullish scenario described in the chart by Van de Poppe implies a one-time correction towards the area of $18-20 after which the rally will resume, reaching the level of $30 and beyond.
This is in line with the behaviour observed in the market on past uptrends, where retests of breakout levels commonly lead to huge follow-throughs.
Investor Sentiment Turning Positive
The recent updates of Chainlink, especially the ones being made in the field of decentralized data services, have given investors confidence. This stability in higher lows of the token is an indication of increasing demand and accumulation of market participants.
The RSI indicator, which is already in the higher range, indicates the high momentum and, at the same time, preconditions the upcoming cooling off in the short term before the next leap up.
The technical and fundamental factors are working together, which paints the physical picture LINK and a bull market in the early stages. Should the $18-$20 support area still give way in the event of a temporary (in the short term) pullback, the road to 30+ will be looking more and more feasible.
