The trader who predicted the end of last year’s crypto bull market says he sees one Ethereum (ETH)-based altcoin posting massive gains in the coming months.
Closely followed analyst Pentoshi tells his 615,400 Twitter followers that decentralized oracle network Chainlink (LINK) has been showing relative strength versus the broader crypto markets.
According to Pentoshi, Chainlink is currently trading at a level that served as its staging ground in December 2020 before rallying to its all-time high of $52.20 the following year.
“Above average looking charts at high time frame support on USD [US Dollar] pair dating back to 2020. Will be looking for this as a mid-term play leading into [staking in December].”
At time of writing, LINK is swapping hands for $7.79. A move to Pentoshi’s target of $12.45, as shown in the chart above, suggests an upside potential of nearly 60% for the top oracle network.
Looking at Bitcoin (BTC), Pentoshi says the king crypto is gearing up for wild price...
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