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Home»ALTCOIN NEWS»The analyst updated his Chainlink outlook, saying he remains bullish on the altcoin, which is up more than 270% in three months.
ALTCOIN NEWS

The analyst updated his Chainlink outlook, saying he remains bullish on the altcoin, which is up more than 270% in three months.

By Crypto FlexsJanuary 20, 20242 Mins Read
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The analyst updated his Chainlink outlook, saying he remains bullish on the altcoin, which is up more than 270% in three months.
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A widely respected cryptocurrency analyst and trader remains bullish on an altcoin that has been hot for months.

Analyst known by the pseudonym Altcoin Sherpa says His 205,800 followers on Web3 Project Internet Computer’s (ICP) social media platform X still have more upside potential.

“ICP: Another coin that looks interesting in terms of setup, with the addition of a 4-hour 200-day exponential moving average (EMA) that has not been tested in some time in a bullish demand zone. I’m considering craving this.”

Source: Altcoin Sherpa/X

Looking at his chart, the trader suggests that a bounce could occur if ICP holds the 200-day EMA as support near the key level of $11.25.

ICP is trading at $11.14, up more than 270% since closing at $2.99 ​​on October 19th.

Next is the merchant predict Decentralized oracle provider Chainlink (LINK) will trade around the current price level during the consolidation phase before moving into another phase.

“LINK is consolidating to advance to the next level, but we still expect it to calm down for some time and continue to consolidate. “I don’t expect any big moves just yet.”

video
Source: Altcoin Sherpa/X

Chainlink is trading at $15.43 at the time of this writing, up more than 7% in the last 24 hours.

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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.

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