Analyst Says Chainlink (LINK) and Low-Cap Ethereum Altcoin Set for Rallies – Here’s His Price Target
A closely followed crypto analyst says decentralized oracle network Chainlink (LINK) and another Ethereum-based altcoin are set to rallies under the radar.
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 course for a potential price target of $12, up 37% from current prices .
“It’s going according to plan.
Made a 35% surge from $7 to $9.50 and needs to consolidate as we speak.
Expect $8 to be held as support and then $12 as a potential target on the board.”
Source: Michael van de Poppe/Twitter
At the time of writing, LINK is changing hands for $8.74.
Also on the analyst’s radar is the Celer Network (CELR) layer-2 scaling solution. According to Van De Poppe, the CELR is in a clear uptrend with another 30% rally still to come.
“The trend is up as higher lows are continuously being made.
I’d like to see $0.0235-0.024 hold as support and then $0.034 is a possibility.”
At the time of writing, CELR is trading at $0.0026, up 20% over the past 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 is consolidating a bit as we’ve had a pretty decent uptrend for the past week.
- Very normal; nothing goes up in a straight line.
- Profit taking as bear mentality is still key.
- Giving people the opportunity to join HL.
See $23.8k and $23k for longs”
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