Analyst Says Chainlink (LINK) Is In For Explosive Rally As Bitcoin (BTC) Sets Up For Next Move
Popular crypto analyst Kevin Svenson says leading decentralized oracle service Chainlink (LINK) is in for a big move as altcoin markets wake up.
The analyst says his 126,000 Twitter followers that LINK’s Moving Average Convergence Divergence (MACD) indicator is signaling an unexpected upside move.
Traders often pay close attention to the MACD as it sometimes signals a potential reversal in the trend.
says Svenson,
“Chainlink monthly MACD indicator is about to have its first bullish cross since late 2020.
I’m tall AF.
LINK a surprise pump is coming.”
Svenson mentions hot memecoin Pepe (PEPE), saying that shift in capital flow from it to larger crypto assets like Bitcoin (BTC) and Ethereum (ETH) could send the entire market flying.
PEPE is currently up over 5,000% in less than a month, with some analysts predicting the speculative fervor to continue to heat up.
“If PEPE profits start flowing into BTC and ETH, the whole market is going to crash… You forget how much leverage is available. Half a billion could = many billions in volume.”
Svensson too says Bitcoin bears and skeptics will be shocked by the flagship cryptoasset’s next move. He previously called for a rally up to $48,000, which would then initiate another bullish season for altcoins.
“Bitcoin is now creating a higher low right along our parabolic curve that could create the next big impulse towards $48,000…
That means Bitcoin theoretically has another 65% from here to the next target of $48,000. That’s a 65% move, it’s a huge opportunity if it actually plays out…”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of 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/Relight Motion
