An expert crypto analyst predicts a significant breakout for an Ethereum-based altcoin.
Crypto trader Michaël van de Poppe shares with his large following on the X platform that Chainlink (LINK) is showing bullish signs on the weekly chart, consolidating above the key support level of $9.54.
He points out key resistance levels to watch for on the weekly chart, such as $12.20, $16.05, and $18.55.
“Chainlink is currently consolidating above crucial resistance levels, making it an interesting buy opportunity between $9-$11. This could be a once-in-a-lifetime chance.”
Chainlink is currently priced at $11.10, showing a 4% increase in the last 24 hours.
In addition, van de Poppe highlights Bitcoin’s positive momentum on the 12-hour chart after bouncing back from the $60,000 level.
“Bitcoin seems to be aiming for its monthly low in early October. Holding onto crucial support and reversing upwards indicate strength.”
Bitcoin is currently trading at $62,117, with a more than 2% increase in the last 24 hours.
Lastly, van de Poppe suggests that the native asset of the Sei blockchain, SEI, might be entering an uptrend after rebounding from a key support level at $0.39.
“SEI is showing promising signs, potentially trending upwards from this bounce. If support at $0.39 doesn’t hold, a correction to $0.31 could be expected. Reversing back up could follow SUI’s trajectory.”
SEI is currently priced at $0.41, showing a more than 6% increase in the last 24 hours.
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Generated Image: Midjourney