Chainlink Price Near Key Support: Analyst Predicts Major Bullish Movement in 2026

In Brief:
Michael van de Poppe, a well-known cryptocurrency analyst, points to a strong accumulation zone for Chainlink (LINK) against Bitcoin and predicts a significant bullish movement ahead of the anticipated expansion in DeFi by 2026.

Key Takeaways

Michael van de Poppe emphasizes that LINK is currently near a crucial multi-year support level, indicating a potential for accumulation.
Despite recent gains, LINK still faces a downward trend over the past month.
Analysts present varying opinions on LINK's future prices, with some suggesting a potential price range in a "no-trade zone."
Technical indicators hint at diminishing bearish pressure and the possibility of trend stabilization.

Chainlink Accumulation Zone Identified by Analyst
In a recent post on X, prominent crypto analyst Michael van de Poppe highlighted that Chainlink (LINK) stands at an advantageous point for accumulation against Bitcoin (BTC). He noted that LINK is consolidating close to a major multi-year support level, signaling the potential for a bullish phase in the future.

Van de Poppe mentioned that this moment represents a good opportunity to accumulate LINK as he expects an upward trend, especially with the expected growth of decentralized finance (DeFi) in 2026. He also remarked on the success of the SmartCon event.

Currently, LINK has seen an 8% surge in the past week, but it remains 16% lower than its price a month ago, trading at 0.0001535 BTC, which is around $16.12. The token has also experienced a slight increase of 0.3% within the last 24 hours.

Chainlink LINK

LINK’s Price Movement and Support Level

LINK's current price is just above an essential multi-year support level at approximately 0.0001368 BTC. This support area, which has been tested multiple times since late 2023, creates a solid price floor, despite a dip below it earlier in June. This situation suggests a fading bearish trend and potential accumulation.

A technical analysis of LINK's weekly chart shows a broad downward movement, with the token declining steadily since its peak in 2021. In 2022, LINK attempted to break above 0.0004389 BTC but failed, entering a prolonged base period that continued until late 2023.

However, since early 2025, the downtrend has eased, with prices ranging between 0.0001368 BTC and 0.000250 BTC—a narrowing range that often signals a breakout.
LINK's immediate resistance is identified between 0.00020 BTC and 0.00022 BTC. A sustained rise above this level could signify the conclusion of LINK’s long-term bearish phase. Further resistance points are seen near the 0.0002733 BTC and 0.0004389 BTC levels, related to previous market reversals.

If LINK surpasses the initial resistance, it would need a 165% increase to reach the following target, which translates to a price of around $49.90. Van de Poppe remains optimistic about this potential bullish movement, in line with his forecasts for a reinforcing DeFi market.

Technical Indicators Support Accumulation Outlook

Interestingly, technical indicators reinforce the idea of accumulation. The Relative Strength Index (RSI) has stabilized around neutral, while low trading volume indicates a lack of selling pressure. Additionally, a flattening weekly moving average suggests waning downside momentum and early signs of trend stabilization.

Diverse Opinions Among Analysts

Analysts hold varying perspectives on Chainlink's future. For example, analyst Ali Martinez identifies a price range of $13–$26 as a “no-trade zone,” indicating that LINK is consolidating and significant price movements are likely to occur once it either rises above or dips below this range.

Conversely, Investor Jordan is confidently bullish, reiterating his belief that Chainlink has the potential to become a “monster in the making.” He predicts that LINK could exceed $100 by the end of the year, representing an impressive gain of over 500% from its current prices.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. The opinions expressed herein reflect the author's personal views and do not represent the stance of The Crypto Basic. Readers should conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses.