A generally followed crypto analyst says that the decentralized Oracle Network Chainlink (link) may be at the start of a new uptrend.
Michaël van de Poppe tells Are 781,500 followers on the social media platform X that starts to break out against Bitcoin (Link/BTC) on the weekly graph.
“Slowly, but sure, Link is starting to wake up strong. I assume we will have the next leg up to be higher and that the bull for Chainlink has started.”
Looking at his graph, the trader suggests that link can collect up to 0.0007950 BTC ($ 69.15).
Link/BTC acts for 0.0001793 BTC ($ 15.57) at the time of writing, an increase of 1.53% in the last 24 hours.
Next, the analyst out That Bitcoin keeps an increasing trendline as support and can soon hit $ 94,000 if BTC can break resistance at the level of $ 87,000.
“The trend is still great on Bitcoin and it seems that we are going up to $ 90,000.”
Bitcoin acts at $ 86,903 at the time of writing, flat in the day.
Finally, the trader is prediction Ethereum (ETH) will break the resistance to $ 2,090 and will continue to collect more than $ 2,150 after falling the $ 1,700 range earlier this month.
“I am really looking forward to the speed of the outbreak above $ 2,150 for ETH.”
ETH is traded for $ 2,005 at the time of writing, flat in the day.
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Featured image: Shutterstock/Tithi Laadthong
