A leading crypto strategist predicts that an altcoin focused on artificial intelligence (AI) will double as he updates his view on decentralized oracle provider Chainlink (LINK).
Pseudonymous crypto trader Bluntz tells his 226,200 followers on social media platform
“Nice setups with high timeframes across the board, I suspect the AI story will pop up again sometime in the future and OCEAN will be ready for it [and] ready for a breakout, but hasn’t moved too much. Easily go 100% higher IMO (in my opinion).”
OCEAN is trading at $0.381 at the time of writing, up 1.5% over the last day.
The crypto analyst goes on to say that he believes Chainlink is preparing for a big move to the upside where it could ‘catch up’ to smart contract platform and Ethereum (ETH) rival Solana (SOL), which has seen a 25% price increase since October 28.
“I think [LINK] is finally ready to overtake SOL again. RSI (Relative Strength Index) reset, sideways flat correction completed, next step up is loading IMO.”
LINK is trading at $10.95 at the time of writing, up fractionally over the past 24 hours, while SOL is trading at $39.22, down 6.7% over the past day.
Bluntz concludes his analysis with noticing that the US Dollar Index (DXY), which tracks the value of the USD compared to foreign currencies, has reached its top, meaning the next six months will be great for risky assets like crypto.
“DXY is showing signs of distribution here, while it looks like stocks have finally found a bottom and crypto is almost certainly at risk again. If DXY tops out, as I suspect, and starts trading below the range and below 105 again, the next six months will be great for risky assets.”
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