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Home»ALTCOIN NEWS»Crypto analyst predicts bullish price action for two small-cap altcoins and outlines Chainlink’s future path.
ALTCOIN NEWS

Crypto analyst predicts bullish price action for two small-cap altcoins and outlines Chainlink’s future path.

By Crypto FlexsFebruary 3, 20242 Mins Read
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Crypto analyst predicts bullish price action for two small-cap altcoins and outlines Chainlink’s future path.
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A widely known cryptocurrency analyst said he sees upside potential for two cryptocurrency assets with market capitalizations of less than $1 billion.

Pseudonymous cryptocurrency strategist Altcoin Sherpa told his 206,800 followers on social media platform

The trader shares a chart that suggests JUP is likely to carve out a local bottom at around $0.50 before rebounding to around $0.82.

“I still think it will go up in the short term, but I think it will only go down for a little while after a big rally (say $1 or more).”

source: Altcoin Sherpa/X

As of this writing, JUP is trading at $0.58, a few days after the token was launched amid a highly anticipated airdrop.

Manta Network (MANTA) turns into altcoin sherpa Called The privacy-focused cryptocurrency project’s native token could rally on the condition that Bitcoin (BTC) does not witness any major moves in its downtrend.

“This could get us back into the sub-$2.50 region. In my opinion, the new coin is still a noteworthy coin. “We are watching, but as long as Bitcoin (BTC) is stable, it will rebound soon.”

video
source: Altcoin Sherpa/X

MANTA is trading at $3.05 at the time of this writing.

Regarding the underlying asset of decentralized oracle network Chainlink (LINK), Altcoin Sherpa said the price is likely to move higher if the cryptocurrency asset shows strength and overcomes immediate resistance.

“Link: If the price breaks the $18 level, it is likely to go to $24 in the medium term (or longer). There are some small levels, like $20, but overall it still looks strong.”

video
source: Altcoin Sherpa/X

LINK is trading at $17.81 at the time of this writing.

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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 are responsible for any losses that may occur. 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/Giovanni Cancemi/Natalia Siiatovskaia

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