The enthusiasm in the cryptocurrency market continues. Even though there are partial withdrawals, Bitcoin and most altcoins continue to advance in the green zone. Amid this enthusiasm, a closely followed crypto analyst says decentralized oracle network Chainlink (LINK) will likely deliver significant gains for patient trades. In addition, the analyst is updating his outlook for Bitcoin and Solana.
Analyst: I will buy this altcoin every time it drops, it will rise strongly!
Amidst the latest developments, the cryptocurrency analyst nicknamed Altcoin Sherpa shared his predictions with his 196,900 followers on the social media platform X. The analyst suggests that Chainlink is on the rise because it broke out of the large accumulation range. In this context, the analyst shares the following assessment:
LINK: I think this will be the easiest trade for you to let it ride once the price breaks out of this range. The 200-week exponential moving average (EMA) is right here. So be careful. But once it breaks solidly above $10, I will buy any dips. I think it would probably go up to at least $18.
At press time, LINK was trading at $9.96, down 2.24% on the day. However, LINK is sitting on a weekly gain of over 35%.
The doors of $40 thousand are open for Bitcoin, but…
cryptokoin.comAs you follow from , the leading cryptocurrency Bitcoin made a great move. BTC overcame the obstacles one by one and reached the 35 thousand dollar mark. For now, it largely maintains its gains, even though it has retreated slightly following recent developments. The analyst then moves on to Bitcoin (BTC). Altcoin Sherpa says the leading crypto is heading towards $40,000 as it is trading above $32,000. The analyst expresses his views on this issue as follows:
BTC: looks pretty simple to me: If the price breaks $32,000 strongly, we will go to $40,000.
According to the analyst, Solana will hit a new 2023 peak!
Finally, the analyst looks at Solana (SOL), a rival of the leading altcoin Ethereum. Altcoin Sherpa is still bullish on SOL, making strong moves. According to the analyst, if SOL manages to stay above a key level, it will likely print a new 2023 high. The analyst explains his predictions for SOL as follows:
LEFT: EMAs look healthy. If this manages to stay comfortably around $27, I think $37 is the next area. In the meantime, beware of Solana supply coming to market via FTX! Still, I think this is one of the best purchases you can make.
At press time, SOL was trading at $30.60, up 3.97% on the day. Meanwhile, it should be noted that SOL gained over 27% on its weekly chart. The Ethereum rival has become one of the most popular cryptocurrencies of recent times.
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