Chainlink Pops 13%: 'Primed For Further Gains,' Says Crypto Analyst, But 'Significant Resistance Level At $20'
Portfolio Pulse from Khyathi Dalal
Cryptocurrency analyst Ali Martinez predicts further gains for Chainlink (LINK), citing a significant resistance level at $20. Data from IntoTheBlock shows $1.2 billion in large transactions and a bullish trend. Michaël van de Poppe also notes Chainlink is facing crucial resistance. Chainlink's recent 12.5% gain in 24 hours and a seven-day gain of 26.3% positions it as a leading altcoin. Chainlink's platform capabilities and a surge in derivatives data analysis further support its upward trajectory.
February 02, 2024 | 5:02 pm
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Chainlink (LINK) is predicted to experience further gains, supported by analyst Ali Martinez and Michaël van de Poppe. Recent data shows a 12.5% gain in 24 hours and a 26.3% increase over seven days, indicating strong performance and investor interest.
The positive outlook from analysts, significant resistance level at $20, and recent performance gains suggest a bullish trend for Chainlink. The data indicating a large percentage of profitable holders and a surge in derivatives data analysis further support the potential for short-term price appreciation.
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