A widely respected cryptocurrency analyst believes that the Ethereum (ETH)-based altcoin is poised for a major breakout.
Crypto trader Michaël van de Poppe told his 727,900 followers on social media platform
He also highlights key resistance levels to the upside on the weekly chart, including $12.20, $16.05, and $18.55.
“Chainlink is still consolidating above important resistance levels and reversing towards support. I think anything between $9-$11 would be an interesting purchase. “I’ve mentioned it several times, but it still remains a once-in-a-lifetime opportunity,” he said.
Chainlink is trading at $11.10 at the time of this writing, up 4% in the last 24 hours.
Next, he says Bitcoin (BTC) is showing strength on the 12-hour chart after rebounding from the $60,000 level.
“As we have explained over the past few days, Bitcoin appears to be looking for a monthly low in the first week of October. (Friday) is Unemployment Day and I think it means a lot. Holding important support and reversing upwards again from here would indicate strength.”
Bitcoin is trading at $62,117 at the time of writing, up more than 2% in the last 24 hours.
Lastly, he says that the underlying asset of layer-1 blockchain Sei (SEI) may be on an upward trend after breaking away from the key support level at $0.39.
“SEI looks really good. There has been a significant correction, but since it is heading towards support, this move is likely to trigger an uptrend. If this does not hold, an adjustment to $0.31 is expected. If I were to go back here, I think I would follow the path of SUI.”
SEI is trading at $0.41 at the time of this writing, up more than 6% in the last 24 hours.
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