More
    HomeAltcoinsAnalyst Says Two Altcoins Nearing Breakouts, Predicts Chainlink Pullback After Massive LINK...

    Analyst Says Two Altcoins Nearing Breakouts, Predicts Chainlink Pullback After Massive LINK Rallies

    Published on

    DIGITAL MARKETING SERVICES

    spot_img
    Analyst Says Two Altcoins Nearing Breakouts, Predicts Chainlink Pullback After Massive LINK Rallies

    A closely followed crypto strategist believes that two altcoins may be gearing up for breakouts as digital asset markets continue to show strength.

    Pseudonymous analyst Rekt Capital tells his 366,100 followers on the social media platform X that Ethereum (ETH) competitor Polkadot (DOT) is potentially in the midst of confirming a bullish reversal.

    “DOT/USDT: now at the crucial resistance of this triangular market structure. Previous revisits here ended in an upside wick beyond the diagonal resistance, which is why DOT needs to reclaim the downtrend as support to confirm a breakout.”

    Image
    Source: Rekt Capital/X

    Polkadot is trading for $5 at time of writing, up 5.4% in the last 24 hours.

    Next up, the trader says that the decentralized machine learning network Fetch.ai (FET) may flip a key resistance level into support.

    “FET: retest is now in progress.”

    Image
    Source: Rekt Capital/X

    FET is trading for $0.374 at time of writing, up 6.1% in the last 24 hours.

    Lastly, the trader says that decentralized oracle provider Chainlink (LINK) will likely dip to around the $11 level at some point to retest its previous resistance line, which he says was recently broken.

    “Previous revisits of the monthly macro downtrend ended up in upside wicks, which is why a retest of the macro downtrend as support may be needed to confirm further trend continuation to the upside, especially if a rejection from red occurs soon.”

    Image
    Source: Rekt Capital/X

    Chainlink is trading for $13.95, up more than 93% in the last 30 days.

    Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

    Check Price Action

    Follow us on Twitter, Facebook and Telegram

    Surf The Daily Hodl Mix

    Check Latest News Headlines

    &nbsp

    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Featured Image: Shutterstock/SVPanteon/David Sandron

    The post Analyst Says Two Altcoins Nearing Breakouts, Predicts Chainlink Pullback After Massive LINK Rallies appeared first on The Daily Hodl.

    COMMUNITY

    spot_img

    SITE VISITS

    Map

    Latest articles

    BlockDAG Targets Stellar Growth With 15,000 TPS Amid Ethereum’s Market Surge And Polygon’s Price Challenges

    BlockDAG Targets Stellar Growth With 15,000 TPS Amid Ethereum’s Market Surge And Polygon’s Price...

    Binance Unveils New ‘Megadrop’ Token Launch Platform, Picks Bitcoin Restaking Chain To Serve As First Project

    Binance is unveiling a new “megadrop” token launch platform with Bitcoin (BTC) “restaking” chain...

    Crypto Analyst Issues Cardano Alert, Warns ADA Could Crash by up to 74% – Here’s His Outlook

    A cryptocurrency analyst and trader is expressing bearish sentiment on Cardano (ADA). In a new...

    DTX Exchange (DTX) Expected Listing in Q2 2024, Investors From Cardano (ADA) and Ripple (XRP) Join Presale

    DTX Exchange (DTX) Expected Listing in Q2 2024, Investors From Cardano (ADA) and Ripple...

    More like this

    BlockDAG Targets Stellar Growth With 15,000 TPS Amid Ethereum’s Market Surge And Polygon’s Price Challenges

    BlockDAG Targets Stellar Growth With 15,000 TPS Amid Ethereum’s Market Surge And Polygon’s Price...

    Binance Unveils New ‘Megadrop’ Token Launch Platform, Picks Bitcoin Restaking Chain To Serve As First Project

    Binance is unveiling a new “megadrop” token launch platform with Bitcoin (BTC) “restaking” chain...

    Crypto Analyst Issues Cardano Alert, Warns ADA Could Crash by up to 74% – Here’s His Outlook

    A cryptocurrency analyst and trader is expressing bearish sentiment on Cardano (ADA). In a new...
     - 
    Arabic
     - 
    ar
    Bengali
     - 
    bn
    German
     - 
    de
    English
     - 
    en
    French
     - 
    fr
    Hindi
     - 
    hi
    Indonesian
     - 
    id
    Portuguese
     - 
    pt
    Russian
     - 
    ru
    Spanish
     - 
    es