Chainlink (LINK) rose above $10, reaching $10.558, as analyst Michael van de Poppe said the token’s bear market has ended. He pointed to a sweep of earlier lows and bullish divergences as the basis for the move. Rising volume and key moving averages also supported the stronger price structure described in the analysis.

Van de Poppe said LINK swept $10, with $10.03 identified as a lower-timeframe level. He said he prefers a long entry below $9.20 if price revisits that area after the $10.03 sweep, although he added that a dip is not required for the broader setup to continue.

After $10, the analyst’s next target is $11, with wider targets at $11.50, $13.50 and $17. He also said LINK’s higher-timeframe structure has started a bull market and described the token as trending higher after clearing $10. For traders and market watchers, the move puts attention on whether LINK can hold above the breakout area rather than slip back into the earlier $8 to $10 range that defined much of its recent trading.

Volume and moving averages strengthen the move

The chart shows LINK trading between roughly $8 and $10 from February through May. It then climbed to about $10.80 before a June decline pushed the price toward $7.10. From late June, LINK formed higher lows and recovered the $8.00 to $8.60 area.

By August, the token broke above that range and accelerated toward $10.558. The 50-day moving average is near $9.32, while the 200-day average is around $8.60. LINK is trading above both averages, and the 50-day average has turned higher.

Volume also expanded sharply during the latest advance, accompanying the move above the prior consolidation range. That combination of price strength, rising volume and moving-average support is the technical backdrop behind the analyst’s view that the market structure has improved.

LINK faces the next resistance zone

The $10.45 to $10.60 area now forms the immediate breakout zone. Above that, the previous $10.80 to $10.90 high remains the next resistance area. A move above $10.90 would place the $11 region next among the levels outlined.

If price is rejected near $10.80 to $10.90, profit-taking could come into focus. The chart identifies $9.32 as the first dynamic support level, with the $8.60 area providing another moving-average support zone.

Van de Poppe said he views buying dips as the preferred approach, particularly below $9.20. He added that the current setup continues to show strength across both higher and lower timeframes, with the near-term test centered on whether LINK can hold its recent gains above the breakout zone.

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