Popular cryptocurrency analyst Altcoin Sherpa maintains expectations for an increase in value for an altcoin that has more than doubled in value over the past few weeks. The expert made critical statements regarding two altcoins!
“Rising Trend in PYR Will Continue!”
Popular cryptocurrency analyst, known by the pseudonym Altcoin Sherpa, claimed to his followers on the social media platform X that the gaming studio and NFT (non-fungible token) marketplace Vulcan Forged has more room to grow.
Similar to the decentralized oracle network Chainlink, PYR is likely to remain in an upward trend after breaking out of a long-term trading range, the senior analyst noted. The analyst stated:
To be honest, PYR’s chart reminds me a lot of the LINK chart. Breaking out of the range it has been in for over a year seems quite strong.
On October 19, PYR was trading at $2.76 and reached a high of $6.39, more than a 131% increase, as of the time of writing. The altcoin is currently trading at $5.86.
Price Prediction for LINK
The analyst then continued on to describe the ongoing rise of Chainlink and how the price remains above the basic exponential moving averages (EMA) on the weekly chart. The analyst predicts that LINK will reach $20, an increase of approximately 36% from its current value. Additionally, the analyst suggests that the next key resistance level on the chart is $18.80. Sherpa emphasized the following in his statements:
LINK will reach $20, and there is nothing you can do about it. All EMAs on the weekly chart are in an upward trend and have been interrupted for 500 days before this surge.
As of the time of writing, LINK is trading at $14.73, with a 5.6% increase in the past 24 hours.