Closely followed crypto analysts say decentralized Oracle network ChainLink ( LINK ) and another under-the-radar Ethereum-based altcoin are set for rallies.
Michael van de Poppe says His 622,000 Twitter followers suggest LINK’s recent 35% run has plenty of gas in the tank and is on track for a potential price target of $12, a 37% gain from current prices.
“It is going according to plan.
It ran 35% from $7 to $9.50 and needs to consolidate as we speak.
$8 is expected to hold as support and then $12 is on board for a potential target.
At the time of writing, LINK is trading at $8.74.
Layer 2 Scaling Solution Celer Network (CELR) is on analysts’ radar. According to For van de Poppe, CELR is in a clear uptrend, with a 30% rally remaining.
“The trend is upward, as more lows are created continuously.
I would like $0.0235-0.024 to hold as support and then $0.034 is possible.
At the time of writing, CELR is trading at $0.0026, up 20% over the past seven days.
Analyst looking at Bitcoin (BTC). says BTC is in a consolidation pattern and offers opportunities for bulls near the $23,000 area.
“Bitcoin is consolidating a bit as we had a pretty decent run last week.
- Very common; Nothing goes in a straight line.
- Profit taking, bearish sentiment is still prominent.
- Giving opportunities to people to enter in HL.
Viewing $23.8K and $23K for long term”
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