Prominent analyst Michael van de Poppe highlights a Chainlink accumulation zone against Bitcoin and anticipates a new bullish leg ahead of DeFi’s 2026 expansion.
In a post on X, the analyst noted that LINK is in a favorable position for accumulation against Bitcoin as LINK is consolidating near a key multi-year support level. This point signals the possibility of an upcoming bullish phase.
Citing the pattern, Van de Poppe noted that this is a good opportunity to accumulate LINK, adding that he believed it was poised for a new upward move and expressing his expectation for a strong DeFi performance in 2026. He also mentioned that SmartCon had been a great event.
Despite an 8% surge in the past week, LINK still trades at a 16% downtrend in the past month. It now changes hands at 0.0001535 BTC, equivalent to $16.12. Within the 24-hour timeframe, the token has seen a modest 0.3% increase in the past day.
LINK Shows Consolidation Near Multi-Year Support
Notably, the current price point is just above a key multi-year support near 0.0001368 BTC. This zone, repeatedly tested since late 2023, has formed a durable price floor, despite a breakdown below this level in June this year. This points to a fading bearish momentum and a potential accumulation phase.
Technical analysis of the weekly chart reveals a broader downward trend in LINK’s movement, characterized by a steady decline from its 2021 peak, with lower highs and lows. In 2022, LINK attempted a breakout above 0.0004389 BTC but failed before entering a prolonged base, which lasted until late 2023 and continued into 2024.
Since early 2025, however, this downtrend has weakened, with prices compressing between 0.0001368 BTC and 0.000250 BTC, a tightening range that often precedes a breakout.
On the higher side, LINK’s immediate major resistance band sits between 0.00020 BTC and 0.00022 BTC. A clear break above this area could mark the end of LINK’s multi-year bearish cycle. Beyond that, resistance targets remain near the 0.0002733 BTC and 0.0004389 BTC zones, which are linked to previous market reversals.
If LINK breaks above the first target, it will require a 165% surge to reach the next target, equivalent to $49.90. Notably, van de Poppe is optimistic of a bullish move, in line with his forecast for renewed DeFi strength.
Interestingly, technical indicators reinforce this accumulation outlook. The RSI has leveled near neutral, while subdued trading volume reflects limited selling pressure. The flattening weekly moving average also suggests diminishing downside momentum and early signs of trend stabilization.
Other Analysts Predict LINK’S Price
Analysts hold divergent views on Chainlink’s outlook. For instance, Ali Martinez identifies the $13–$26 range as a “no-trade zone,” suggesting that LINK is consolidating and that major price action will likely occur once it breaks above or below this level.
In contrast, Investor Jordan remains decisively bullish, reiterating his long-standing belief that Chainlink is a “monster in the making.” He maintains that the token could surpass $100 by year’s end, a move that would represent more than a 500% gain from its current price.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
