LINK new price target is out
An important crypto analyst says that decentralized oracle network Chainlink (LINK) and a Ethereum-based altcoin are set for rallies.
Michaël van de Poppe said that LINK’s recent 35% run has more gas in the tank, and is on track for a potential price target of $12, which is a 37% gain from current prices.
At the time of writing, LINK is changing hands for $8.68. Check out the analyst’s tweet below:
Request 01 – $LINK
This is going according to plan.
Made a 35% run from $7 to $9.50 and needs to consolidate as we speak.
Expecting to see $8 hold as support and then $12 is on the board for the potential target. pic.twitter.com/EJtoehMOc8
— Michaël van de Poppe (@CryptoMichNL) August 15, 2022
Back in July, we were revealing that Van de Poppe said that the oracle network Chainlink (LINK) is currently at an opportune price.
“Chainlink at $6-8 is still an opportunity of a lifetime.”
The analyst is also addressing the layer 2 scaling solution Celer Network (CELR).
According to Van De Poppe, CELR is in a clear upward trend – it has a further 30% rally left in it.
“The trend is upwards, as continuously higher lows are created. I’d like to see $0.0235-0.024 hold as support and then $0.034 is possible.”
Positioning in this bear market
An important fund manager explains how we should position in this bear market. He also says that this will not last too long.
It’s been just revealed that an important hedge fund manager David Neuhauser says that markets look “artificially high” right now.
He also said that they are staging a bear market rally that will not last, according to CNBC.
According to other recent notes, it’s been revealed that the Nasdaq Composite fell into a bear market in March, and the tech-heavy index has yet to hit a new high.
Stay tuned for more crypto news.