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Home»ALTCOIN NEWS»Here are potential price targets for Chainlink’s rivals, which are up 85% this year, according to Crypto Trader:
ALTCOIN NEWS

Here are potential price targets for Chainlink’s rivals, which are up 85% this year, according to Crypto Trader:

By Crypto FlexsFebruary 16, 20242 Mins Read
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Here are potential price targets for Chainlink’s rivals, which are up 85% this year, according to Crypto Trader:
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A prominent cryptocurrency analyst is offering an optimistic price target for rival Chainlink (LINK), which has already surged nearly 85% since early 2024.

A pseudonymous trader known as Altcoin Sherpa says The 207,200 followers of social media platform

Traders use Fibonacci extensions in technical analysis to estimate profit targets and price declines. It is based on Fibonacci ratios.

PYTH has already surpassed analysts’ first target of around $0.65. The 83rd-largest cryptocurrency asset by market capitalization is trading at around $0.658 at the time of this writing, up from $0.356 at the start of the year.

Altcoin Sherpa’s next asset targets are $0.6979 and $0.767.

Source: Altcoin Sherpa/X

Earlier this week, analysts noted that PYTH is in the midst of price discovery. This is a situation where the coin is trading at levels never seen before in history.

Altcoin Sherpa says coins trading in price discovery zones are “always magical” because they tend to have a strong upward trend with no known resistance remaining.

merchant island note Some older altcoins may be worth keeping an eye on, including public blockchain platform Chromia (CHR).

“Seeing older coins like CHR come back to life makes me think that we shouldn’t ignore them too much and instead trade more of them. The problem I see is that they are usually in a long accumulation pattern and it can take a while for them to really start moving. And my impatient butt won’t stay in that position for weeks.

That said, there are probably a lot of things out there that look pretty good. We will be looking into this further in the coming days/weeks.”

video
Source: Altcoin Sherpa/X

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