- Renowned cryptocurrency analyst, Michael van de Poppe, predicts a bullish breakout for Chainlink (LINK), encouraging investors to hold onto their cryptocurrencies amidst market volatility.
- Poppe cautions against premature sell-offs, indicating that Chainlink is currently undergoing a retest at its low point, which could be followed by a potential price rebound.
- Chainlink has also emerged as the leading project in the Real World Assets (RWA) sector, with development activities 2.49 times greater than the next most active project, Synthetix (SNX).
Chainlink (LINK) is poised for a major bullish breakout, according to popular cryptocurrency analyst, Michael van de Poppe. The crypto expert also highlights Chainlink’s top ranking in the Real World Assets (RWA) sector by development activities.
Analyst Cautions Against Premature Sell-Off
In a recent post, Poppe shared a LINK/BTC price chart, showcasing historical price movements from 2018 to 2025. Based on the technical analysis of the cryptocurrency’s price action across previous market cycles, Poppe noted that Chainlink was currently undergoing a retest at its low point. This suggests that the cryptocurrency is experiencing a phase of reassessment and potential stabilization, followed by a possible price rebound. Poppe has disclosed that initiating sell-offs during Chainlink’s current price stage may not be a strategic move, as doing so could result in investors missing out on potential gains when the market rebounds from the temporary weakness.
Chainlink’s Potential Breakout
Highlighted in the price chart, the analyst disclosed that $0.0004480 was a crucial resistance level for a potentially strong breakout upwards. Additionally, the LINK/BTC ratio could undergo a trend switch at $0.0006721, as it begins to make “higher lows and higher highs.” In addition to the optimistic outlook, Poppe previously disclosed that Chainlink was getting close to its “bottom,” potentially testing new lows around 2,000 Satoshis (SATs) before surging upwards. He revealed that this phase was a prime buying period, acknowledging in an earlier post that he was already investing in Chainlink.
Chainlink Becomes Top RWA By Development
Chainlink has ranked number one among the top Real World Assets (RWA) by development activities. According to market intelligence platform Santiment, Chainlink emerged as the leading project in the RWA sector, witnessing activities 2.49 times greater than that of the next most active project, Synthetix (SNX). The blockchain platform disclosed that the top list was compiled by GitHub, an online software development platform. The criteria for evaluating the top RWA project in terms of development was based on counting non-redundant GitHub activities and averaging this daily activity over the past 30 days. The result of the evaluation revealed Chainlink’s high level of developer engagement and activities, underscoring the ongoing progress and innovative processes within the crypto project.
Conclusion
As Chainlink undergoes a potential price rebound, investors are urged to hold onto their cryptocurrencies and avoid premature sell-offs. With its high level of developer engagement and activities, Chainlink continues to lead in the Real World Assets sector, underscoring its ongoing progress and innovative processes. As the cryptocurrency market continues to evolve, Chainlink’s potential for a bullish breakout and its top ranking in development activities make it a cryptocurrency to watch.
