Cryptocurrency trader and analyst Ali Martinez says blockchain oracle Chainlink (LINK) could skyrocket by around 328% from the current level.
Martinez tells his 154,400 followers on X that Chainlink could explode to $100 amid the formation of a bullish pattern on LINK’s weekly timeframe.
Based on Martinez’s chart, Chainlink is forming a symmetrical triangle pattern – which is typically a neutral signal that turns bullish if the price breaks out from the upper trend line.
Chainlink is trading at $23.39 at time of writing.
Next up is XRP (XRP). Martinez says XRP is forming a descending triangle and could rally by around 21% from the current level. A descending triangle is typically bearish, but a breakout to the downward-sloping upper trend line is a bullish signal.
“If XRP breaks out of this descending triangle, the next target is $3.60.”
XRP is trading at $2.97 at time of writing.
Next up is Avalanche (AVAX). According to Martinez, the native token of the layer-1 blockchain is at a crossroads after failing to rise above a major resistance level since the early part of the year.
“Avalanche: Four consecutive rejections at $27. What happens next?”
Avalanche is trading at $26.76 at time of writing.
Martinez also takes a look at the native token of the payment network Stellar (XLM). According to Martinez, Stellar is flashing a bullish signal and could nearly triple in price.
“Stellar forms the right shoulder of a head and shoulders pattern. Bullish breakout could target $1!”
Stellar is trading at $0.38 at time of writing.
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