Trader Predicts More Rallies for Chainlink (LINK) and One AI-Focused Crypto, Calls for Altcoin Market Cap Breakout
A intently adopted crypto strategist believes that Chainlink (LINK) has formally entered bull territory after months of sideways value motion.
Pseudonymous analyst Rekt Capital tells his 365,500 followers on the social media platform X that LINK is now within the midst of a long-term uptrend.
“The macro downtrend is over.
The macro vary is over, and a brand new macro uptrend has begun.”
At time of writing, LINK is buying and selling for $12.45.
Subsequent up, the analyst is predicting a bullish continuation for Ocean Protocol (OCEAN), a mission that goals to allow customers to entry and monetize information utilizing synthetic intelligence. In response to Rekt Capital, OCEAN appears poised to rally to $0.48 after efficiently closing final week above $0.40.
“This week, OCEAN successfully retested the green area as new support (before it acted as resistance). Hold above green and OCEAN could revisit the red highs above (~$0.48).”
At time of writing, OCEAN is value $0.41.
Rekt Capital can also be conserving an in depth watch on the OTHERS chart, which tracks the whole market cap of all altcoins. In response to the analyst, OTHERS appears bullish after breaking out of its multi-month reversal sample, suggesting a rising danger urge for food for altcoins.
“Altcoin market cap has confirmed a breakout from its year-long market structure.”
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