## Summary:
Chainlink (LINK) has experienced a 7.63% price decline in the last week. Despite this, market experts like Michaël van de Poppe are optimistic about LINK’s future, predicting a potential 122.71% gain in the coming months. Van de Poppe suggests that after finding a higher low, Chainlink could experience a price reversal and reach $30-$40. Currently, Chainlink is trading at $17.96, with a market cap of $10.55 billion.

## Analyst Predicts Chainlink (LINK) Could Reach $40 Amidst Recent Price Decline

Chainlink (LINK) has been in the spotlight recently after facing a 7.63% decrease in its price, as reported by [CoinMarketCap](https://coinmarketcap.com/currencies/chainlink/). Despite this bearish trend, analyst Michaël van de Poppe remains bullish on the altcoin. According to a recent prediction by van de Poppe, Chainlink could potentially double its market price in the near future.

In a [tweet](https://x.com/CryptoMichNL/status/1761031909210001571?s=20), Michaël van de Poppe discussed LINK’s performance, highlighting a 32.77% increase in the first two weeks of February. Although LINK failed to break a crucial resistance level, van de Poppe believes that the coin is currently seeking a higher low for support, indicating a possible trend reversal.

Looking ahead, van de Poppe anticipates Chainlink to gain by 4,500 satoshis, translating to $30-$40 in the next few months. If this prediction materializes, Chainlink could see a significant 122.71% rise from its current market price.

### LINK Price Overview
At present, Chainlink is trading at $17.96, with a marginal 0.11% increase in the last 24 hours. The coin’s daily trading volume stands at $426.65 million, and it holds the 12th spot in the cryptocurrency market with a market cap of $10.55 billion.

*Source:* [X](https://x.com/CryptoMichNL/status/1761031909210001571?s=20)

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## FAQ

### What is Chainlink (LINK)?
Chainlink is a decentralized oracle network that enables smart contracts on blockchain platforms to securely connect with real-world data, allowing them to interact with external resources.

### What is a higher low in technical analysis?
A higher low is a pattern on a price chart where a successive low point in a trend is higher than the previous low point. It is often seen as a bullish signal suggesting a potential trend reversal or continuation of an upward trend.

### Who is Michaël van de Poppe?
Michaël van de Poppe is a well-known cryptocurrency analyst who shares insights and predictions on various digital assets, including Chainlink (LINK).