A popular crypto analyst is predicting significant price increases for Chainlink (LINK) and Cardano (ADA). Let’s take a look at his predictions:
Chainlink (LINK) to Hit $50?
Analyst Ali Martinez, who boasts over 115,000 followers on X (formerly Twitter), believes Chainlink is poised for a major breakout. He points to a “bull flag” pattern on the four-hour chart, a technical indicator often suggesting further price increases after a brief pause. Martinez predicts LINK could surge to $50. That’s more than double its current price of around $24.43.
Cardano (ADA) Could See a 426% Rally
Martinez also has high hopes for Cardano. He suggests ADA could experience a massive 426% rally, mirroring its price action from early 2021. He notes that ADA has already undergone a significant correction, similar to the one before its previous price surge. He predicts a price of $6, a substantial increase from its current price of around $1.14. He suggests this rally could happen within the next few weeks.
Solana (SOL) Also in the Spotlight
Martinez isn’t stopping with LINK and ADA. He also sees big potential for Solana (SOL), predicting a price target of $4,700 based on a “cup-and-handle” pattern. This pattern, similar to the bull flag, suggests strong buying pressure and potential for significant price increases. SOL is currently trading around $275.
Disclaimer: This information is for entertainment purposes only and is not financial advice. Always conduct your own thorough research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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