Chainlink Going Strong, On Track For $135 Surge By 2025 — Analyst
August 09 2024 - 1:00PM
NEWSBTC
The community for Chainlink (LINK) has hope thanks to Alan Santana,
a famous cryptocurrency expert, who says that the token may soar in
the next few months. Even though there are some negative signs as
we speak, Santana believes that LINK’s price will go up a lot
during the next bull market, possibly hitting an all-time high.
Related Reading: Bitcoin NVT Golden Cross Gives Bottom Signal: What
Happened Last 2 Times Santana’s prognosis is hinged on LINK’s key
acquisition period, which preceded the 2021 bull market. He calls
2023 a “recovery year,” with numerous cryptocurrencies tallying
decent price gains but not a bull market. The analyst predicts a
“huge” bull run by 2025 that could push LINK above $135. At the
time of writing, LINK was trading at $10.60, up 6.1% in the last 24
hours, but sustained a 15.4% drop in the weekly frame, data from
Coingecko shows. ✴️ ChainLink Pre-2025 Bull-Market Accumulation
Zone & Strategy Hello my dear friend, Notice the huge
difference between the bullish wave in 2021 vs the bullish wave in
2023! This is why I dubbed 2023 the “recovery year.” Last year many
Altcoins produced a nice wave, a recovery…
pic.twitter.com/DTF977g5yT — Alan Santana (@lamatrades1111) August
8, 2024 Current Market Conditions Despite the fact that Santana is
hopeful about the future, the present state of the market indicates
that this is not the case. In comparison to the previous day, the
price has decreased by 3.44%, and it is now trading at $10.04. The
50-day and 100-day Exponential Moving Averages (EMAs) are currently
coming up at $13.072 and $14.071, respectively,
which suggests that technical indicators point to a
significantly more bearish situation than the current price.
Analyst Advocates ‘Buy And Hold’ Approach In light of these
contradictory signals, Santana has recommended a “buy and hold”
strategy to LINK investors. In times of market depression and
uncertainty, he suggests, it is the perfect time to start, as he
stresses patience above complex technical analysis. Santana claims
that these are the times when long-term investors could protect
their holdings before the market becomes euphoric and greedy. This
approach is especially pertinent considering Santana’s forecast
that the prolonged accumulation period for LINK will filter out
short-term investors. Once the next bull market starts, he thinks
this screening process will set the stage for exponential
expansion. Near-Term Trend Looking Up More information comes from
the crypto prediction platform CoinCheckup. It shows that LINK will
go up soon. The platform says that there could be a big 89% growth
in the next six months, even though the market price is 3.15 %
lower than what it predicted would happen in the next 30 days. This
prediction is based on rising demand and positive developments in
the Chainlink environment. Related Reading: ARB Surges Nearly 10%
As Franklin Templeton Launches Fund on Arbitrum Looking forward,
CoinCheckup also projects an 87.57% increase for LINK over the next
year, which reflects ongoing investor confidence as the wider
crypto market develops. The underperformance in the short term,
however, points to possible volatility—probably either from market
swings or investor profit-taking. Featured image from Pexels, chart
from TradingView
Gnosis (COIN:GNOUSD)
Historical Stock Chart
From Jul 2024 to Aug 2024
Gnosis (COIN:GNOUSD)
Historical Stock Chart
From Aug 2023 to Aug 2024