Analyst Says Chainlink (LINK) and Low-Cap Ethereum Altcoin Set for Rallies – Here’s His Price Target

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”

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The post Analyst Says Chainlink (LINK) and Low-Cap Ethereum Altcoin Set for Rallies – Here’s His Price Target appeared first on The Daily Hodl.

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