Chainlink Price Near Key Support: Michael van de Poppe Predicts Major Bullish Leg in 2026
Prominent analyst Michael van de Poppe highlights Chainlink's (LINK) accumulation zone against Bitcoin, indicating a potential bullish phase as LINK consolidates near a key multi-year support level. He expects a strong DeFi performance by 2026 and believes LINK could break its bearish trend if it surpasses resistance levels of 0.00020–0.00022 BTC, with further targets near 0.0002733 and 0.0004389 BTC. Technical analysis shows price compression, reduced selling pressure, and weakening downside momentum, signaling stabilization. Other analysts have mixed predictions, with some identifying consolidation zones while others forecast significant price surges, potentially above $100 by year-end.
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Michael van de Poppe Highlights Chainlink Accumulation Zone
Prominent analyst Michael van de Poppe highlights a Chainlink (LINK) accumulation zone against Bitcoin (BTC) and anticipates a new bullish leg ahead of DeFi’s 2026 expansion. In a post on X, he noted that LINK is consolidating near a key multi-year support level, signaling the possibility of an upcoming bullish phase. Based on the current pattern, van de Poppe described this as a good opportunity to accumulate LINK, expressing his belief in a potential upward movement and predicting a strong DeFi performance in 2026.
Technical Analysis: LINK’s Historical Price Trends
A technical analysis of LINK's weekly chart reveals a broader downward trend since its 2021 peak. LINK has experienced steady declines, reflected in lower highs and lows over time. Although it attempted a breakout above 0.0004389 BTC in 2022, it failed and entered a prolonged base trend that continued into late 2023 and early 2024.
By early 2025, the downtrend weakened, with prices compressing between 0.0001368 BTC and 0.000250 BTC, forming a tight range that often precedes a breakout. Immediate major resistance is noted between 0.00020 BTC and 0.00022 BTC, and a breakout above this level could signify the end of LINK's multi-year bearish cycle.
Resistance Levels and Potential Targets
Beyond the immediate resistance, further targets for LINK lie near 0.0002733 BTC and 0.0004389 BTC, levels associated with previous market reversals. A break above the first target would require a 165% price surge, aiming for $49.90 per LINK. Van de Poppe's optimism aligns with his forecast for renewed DeFi strength, suggesting the potential for a significant bullish move.
Technical Indicators Support Accumulation Outlook
Various technical indicators support the case for LINK accumulation. The RSI has flattened near neutral, and subdued trading volumes indicate limited selling pressure. Additionally, the flattening weekly moving average suggests weaker downside momentum and early signs of trend stabilization, reinforcing the potential for a bullish breakout.
Divergent Analyst Opinions on Chainlink’s Future
Analysts hold varying perspectives on Chainlink's price prospects. For example, Ali Martinez identifies the $13–$26 price range as a “no-trade zone,” indicating that LINK is currently consolidating and that major price action will follow a breakout above or below this range.
Conversely, Investor Jordan remains decisively bullish, reiterating that Chainlink is a “monster in the making.” Jordan predicts that the token could exceed $100 by year’s end, representing a 500% increase from its current price.