Crypto analyst Ali Martinez sees potential for a rally in Chainlink (LINK) based on a technical indicator.
Bullish Signal for LINK
According to Martinez, the Tom DeMark (TD) Sequential indicator is showing a bullish signal for LINK on the 12-hour chart. This indicator predicts potential price reversals.
Target Price
Martinez predicts LINK could rise to $15.50, a 12% increase from its current price of $13.90, if it holds above the $13.87 support level.
Altcoin Sherpa’s Concerns
However, analyst Altcoin Sherpa has expressed concerns about LINK’s limited gains despite a year-long accumulation period.
Bitcoin Whale Activity
Martinez also notes a decline in Bitcoin (BTC) whale activity since mid-March. He believes an increase in whale transactions could boost BTC prices.
Disclaimer
The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any cryptocurrency investments.
