Popular cryptocurrency analyst Altcoin Sherpa says decentralized oracle network Chainlink price is likely to yield significant gains for patient traders in thought.
In his post on the social media platform X, Sherpa stated that LINK was on the rise because it left the large accumulation range.
LINK: I think this will be the easiest trade for you to let it ride AFTER the price breaks out of this range. The 200-week exponential moving average (EMA) is right there, so be careful, but I will buy any dips once it breaks solidly above $10. I think it would probably go up to at least $18.
At the time of this writing, LINK was trading at $10.37.
Continuing his predictions with Bitcoin, Altcoin Sherpa thinks that the crypto king is heading towards $40,000 as it is trading above $32,000.
BTC: looks pretty simple to me: if the price breaks $32,000 strongly, we could see $40,000.
Altcoin Sherpa concluded his predictions by stating that he was also bullish on the smart contract platform Solana (SOL). According to the analyst, if SOL can stay above a key level, it will likely print a new 2023 high.
“LEFT: EMAs are healthy, if this can stay comfortably around $27, I think $37 is the next area. *Be wary of Solana supply coming to market via FTX.
Still, I think this is one of the best purchases you can make.
