A widely followed crypto analyst talked about one of the popular altcoin projects, Chainlink. He also drew attention to DOT and ETH and conveyed the levels he expected. Here are the details…
These levels are important for Chainlink
He says that a Blockchain oracle built on Ethereum (ETH) is ready for an uptrend. cryptocoin.com Founded in 2017, Chainlink is a Blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information complex smart contracts need to become the dominant digital contract form. Trader Michaël van de Poppe told his 618,300 Twitter followers that Chainlink (LINK) could go from $7 to over $10 at current prices. The analyst used the following statements:
Chainlink looks ready for $9.50-10.00. There isn’t much you can do about it. It can be triggered if the trend reverses.
What are the expectations for the leading altcoin Ethereum, DOT and BTC?
The crypto analyst, digging deep into ETH, says that although he sees strength in the upcoming Merge, he will seek to short the leading smart contract platform at current prices. As it is known, with Merge, Ethereum will switch from proof of work to proof of stake. Thus, the rate of energy expenditure will decrease while producing ETH.
Technically speaking, here will be a brief introduction about ETH. On the other hand, there is a lot of power with the merger. That’s why I prefer to open a short position with more faith and approval. The critical area to hold for ETH is $1,570, continue upwards if possible.
Van de Poppe also thinks that the interoperability blockchain Polkadot (DOT) has huge upside potential. He believes that’s a factor to look at in the DOT. The trader also explains what he thinks could happen next in Bitcoin (BTC). The analyst states that Bitcoin is again facing a critical resistance. It assumes that if $23,800 is broken we will continue and then $28,000 will be on the table. At the same time, he thinks that a clear break above the 200-week moving average is possible.
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