This prediction comes to us from Kevin Svenson, a crypto analyst followed by 126,000 followers on Twitter. In particular, he argued that bitcoin is gearing up for a bullish rally and altcoins like LINK will follow suit.
Chainlink, the next altcoin on the podium?
In late March, crypto analyst Tara used Elliot wave theory to predict bitcoin price rise to $35,400. And if the crypto-flagship comes close to such a high, Ripple’s XRP will also experience a 30% increase. Thus, it will trade at $0.57 per coin.
According to The Daily Hodlcrypto analyst Kevin Svenson also argued that bitcoin prepares for a bullish rally. A situation that could shock bears and skeptics knowing that bitcoin will trade soon at $48,000 each.
Is associated with this bull run prospect another bull season for altcoins, including LINK from Chainlink.
” Chainlink’s monthly MACD indicator is about to have its first bullish cross since the end of 2020.
I am long AF.
LINK, a surprise pump is coming. »
This time, the observation and identification of ” recurring fractal wave patterns were left out. Kevin Svenson had taken as a basis the MACD indicator (Moving Average Convergence Divergence, or Average Moving Convergence Divergence). Rather, it isa tool widely used by crypto traders watching for a potential trend reversal.
PEPE and other memecoins have already taken off
Our crypto analyst had not resigned himself to studying the case of LINK in his prediction. He actually talked about PEPE, which, last week, caused a lot of ink to flow on the canvas. And there is something to focus on this memecorner since he displayed an increase of more than 5,000% in less than a month.
” If PEPE profits start flowing into BTC and ETH, the entire market will go up in flames. »
One of Kevin Svenson’s followers even went so far as to share his impressions for the Dejitaru Tsukaa cryptocurrency expected to be the new creation of Ryoshi, the founder of Shiba Inu.
” The $TSUKA moves quickly.
Good point: it is not a derivative of $PEPE, nor a derivative of $DOGE, and even less a derivative of $SHIB.
A league apart – 1 dollar, when? »
As for Chainlink, it should also be noted that its LINK token was part ofa “winning trio” recently featured alongside Uniswap and Ecoterra.
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