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Reading: Analyst Predicts Chainlink to Reach Record Levels
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COINTURK NEWS > Chainlink (LINK) > Analyst Predicts Chainlink to Reach Record Levels
Chainlink (LINK)

Analyst Predicts Chainlink to Reach Record Levels

In Brief

  • Chainlink is predicted to hit record levels according to analyst Bluntz.

  • NEAR and WIF show positive signs for future growth.

  • Investors should conduct their own research amid market risks.

İlayda Peker
İlayda Peker 5 months ago
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Analyst Bluntz forecasts that Chainlink $16 (LINK), a decentralized oracle platform based on Ethereum $2,476, will reach record levels. This prediction, based on Elliott Wave Theory, indicates that LINK is set to enter a five-wave bullish trend, potentially driving its value up to $70. The analyst noted that LINK is currently priced at $24.44, emphasizing that it is still in the early stages for investors.

Contents
NEAR and WIF Show Bullish SignalsTechnical Analysis Warning for Investors

NEAR and WIF Show Bullish Signals

Bluntz has also identified Ethereum competitor NEAR and Solana $172-based meme token WIF as noteworthy. He pointed out that NEAR has broken resistance against Bitcoin $106,331 (NEAR/BTC), suggesting this breakout signals the start of a new bullish trend. During the writing, NEAR was trading at $7.42, a movement Bluntz referred to as “the revenge of the dinosaurs.”

In positive forecasts for WIF, Bluntz expressed that this meme token should aim to surpass Dogecoin $0.232164 (DOGE). He noted that a reverse head and shoulders pattern is forming for WIF, which signifies a strong bullish signal. At the time of writing, WIF was priced at $3.31, and according to Bluntz, it could stand out within the broader meme market.

Technical Analysis Warning for Investors

Bluntz’s forecasts rely on technical analysis methods, capturing the attention of investors. However, it is crucial to remember that these analyses do not guarantee outcomes and carry market risks. Analysts recommend that investors conduct their own research. LINK, NEAR, and WIF, which are on the radar of Ethereum-based altcoins, signal potential new opportunities, making it critical to be prepared for market volatility.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 5 December, 2024 - 11:14 am 5 December, 2024 - 11:14 am
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