Analyst Expects Chainlink to Explode in Three Pairs - COINTURK NEWS
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Analyst Expects Chainlink to Explode in Three Pairs

3:55 pm (54 days ago)
August 11, 2023

Prominent anonymous crypto analyst and trader, Bluntz, is expecting a major explosion in an Ethereum-based altcoin. The analyst also revealed that he expects a surge of over 20% in the biggest memecoin, Dogecoin (DOGE).

Chainlink Ready to Explode in Three Pairs, According to Analyst

Anonymous crypto analyst Bluntz stated that decentralized oracle network Chainlink (LINK), based on Ethereum, could reach a new local high after forming a bullish formation in the USD, Bitcoin (BTC), and Ethereum pairs. The analyst commented on the rise of LINK, saying, “There is now a clear breakout of a wedge/bull flag on LINK in all pairs. It’s been doing very well so far. We expect a new rise in all three pairs.”

Earlier this week, the analyst mentioned in the Chainlink analysis that the altcoin is one of the promising cryptocurrencies as a bullish formation begins to emerge. At the time of writing, Chainlink is trading at $7.57 with a 0.68% decrease in the last 24 hours. CoinMarketCap data shows that LINK has gained 6.49% against the USD in the last 7 days and 23% in the last 30 days.

Expecting Dogecoin to Rise by at Least 20%

The analyst who looked at Dogecoin after Chainlink stated that the leading memecoin is showing signs of a rise. By analyzing the price graph of DOGE shared by Bluntz, it can be seen that the leading memecoin is predicted to rise by at least 20% and reach $0.09.

Bluntz commented on Dogecoin, saying, “DOGE is looking good again. It broke the channel on the four-hour time frame and managed to hold above the resistance trendline that turned into a support trendline. This indicates its readiness to move upwards again on lower time frames.”

Price data shows that DOGE is currently trading at $0.07574 with a 0.59% increase in the last 24 hours. Furthermore, the data indicates that the memecoin has risen by 2.44% in the last 7 days and 16.65% in the last 30 days.

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