Crypto analyst and trader Ali Martinez believes Chainlink (LINK) could soon rise another notch.
martinez To tell His 42,400 followers on social media platform
“Chainlink is facing stiff resistance between $19.40 and $20.03, with 5,330 addresses holding over 8.59 million LINKs. However, if LINK can break through this supply wall, the next The key resistance area will be around $26.87, which corresponds to a 38% price increase.”
Trader's chart tracks the ins and outs of LINK's Money Around Price (IOMAP). This is an indicator that helps identify support and resistance levels for a particular digital asset.
Other traders are also bullish on Chainlink.
Pseudonym Analyst Rekt Capital believe Chainlink is trending up, but could fall to retest support levels before continuing higher.
“Breakout confirmed. A drop to the upper end of the reaccumulation range (if it occurs) is likely to act as a retest attempt before further trend continuation.”
Pseudonymous analyst Immortal predicts Chainlink will soar more than 443% from its current value this cycle.
“After complex mathematical calculations and many years of research, I have come to the following conclusion.
1. LINK is hugely undervalued (I've been saying this since it was $6, lol)
2. At some point in this cycle: 1 LINK = $100. ”
The trader looks at his chart and suggests that LINK will continue to move up one leg, hold its value for some time, and then break out on the next leg.
At the time of writing, Chainlink is trading at $18.40, down more than 3% in the past 24 hours.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me twitterFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
