Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Analyst Issues Chainlink Warning, Announces 55% Correction for LINK Natural and Healthy LINK After 4X Rise
ALTCOIN NEWS

Analyst Issues Chainlink Warning, Announces 55% Correction for LINK Natural and Healthy LINK After 4X Rise

By Crypto FlexsMay 20, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analyst Issues Chainlink Warning, Announces 55% Correction for LINK Natural and Healthy LINK After 4X Rise
Share
Facebook Twitter LinkedIn Pinterest Email

A widely respected cryptocurrency strategist is warning that Chainlink (LINK) could be on the verge of a major correction.

The underlying asset of the leading decentralized oracle network appears to have printed mid-cycle highs, pseudonymous analyst Credible told his 394,500 followers on social media platform X.

According to analysts, a deep corrective action is now on the cards for LINK after witnessing massive rallies over the past few months.

“I understand that it is normal, natural and healthy to go up for 10 months and then go up 4x and then go down 50-60% for 2-3 months.

Moreover, anything deeper than that, but above the origin of the impulsive movement, is higher and technically entirely subtle.”

Source: Credible/X

Traders use Elliott Wave Theory, which states that bullish assets tend to see five waves rising before falling. Looking at the trader’s chart, he seems to be implying that LINK has completed its five-wave rally and is currently poised for a correction towards the $7.26 support level.

As of this writing, LINK is worth $16.49.

Credible is also bearish on Ethereum (ETH) scaling solution Polygon (MATIC), predicting that the altcoin will fall to $0.585.

“Hello MATIC, my old friend, it’s time for another quick greeting.

“There is up to 5-8% more upside and a minimum downside of 20%.”

video
Source: Credible/X

As of this writing, MATIC is worth $0.706.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us XFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/Relight Motion

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Mt Gox creditors may have to wait up to three months to receive their bitcoins.

July 6, 2024

Big losses in cryptocurrency markets: SOL and BNB sink quickly

November 3, 2024

Ethereum: 3 things that could greatly help ETH pump

November 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.