A widely followed crypto analyst says one blockchain oracle built on Ethereum (ETH) is poised for a bullish flip.
Trader Michaël van de Poppe tells his 618,300 Twitter followers that Chainlink (LINK) could explode from current prices nearing $7 to upwards of $10.
“Chainlink looks ready for $9.50-10.00, and there’s not much you can do about that.
Trigger if flip happens.”
Diving deeper into ETH, the crypto analyst says he would be looking for shorts on the leading smart contract platform at current prices, though he sees strength in the upcoming Merge.
“Technically speaking, would be a short entry on ETH here.
On the other hand, lots of strength with the merge coming up, so I’d rather want to short with more conviction and confirmations.
Crucial area to hold for ETH is $1,570, if that’s possible, upwards continuation.”
ETH is trading for $1,562 at time of writing.
Van de Poppe also thinks interoperability blockchain Polkadot (DOT) has major upside potential.
“Something to look at on...
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