A closely followed crypto analyst says that decentralized oracle network Chainlink (LINK) and one other under-the-radar Ethereum-based altcoin are set for rallies.
Michaël van de Poppe tells his 622,000 Twitter followers that LINK’s recent 35% run has more gas in the tank, and is on track for a potential price target of $12, which is a 37% gain from current prices.
“This is going according to plan.
Made a 35% run from $7 to $9.50 and needs to consolidate as we speak.
Expecting to see $8 hold as support and then $12 is on the board for the potential target.”
At time of writing, LINK is changing hands for $8.74.
Also on the analyst’s radar is layer 2 scaling solution Celer Network (CELR). According to Van De Poppe, CELR is in a clear upward trend, with a further 30% rally left in it.
“The trend is upwards, as continuously higher lows are created.
I’d like to see $0.0235-0.024 hold as support and then $0.034 is possible.”
At time of writing, CELR is trading for $0.0026, up 20% in the last seven days.
Looking at Bitcoin (BTC), the analyst says that BTC is in a consolidation pattern, and will present opportunities for bulls near the $23,000 area.
“Bitcoin consolidating a little, as we’ve had a pretty decent run upwards in the past week.
- Very normal; nothing goes up in a straight line.
- Profit taking, as bear mindset is still key.
- Giving people on HL’s opportunities to jump in.
Watching $23.8K and $23K for longs”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/TanyaLovus/David Sandron
