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Trader Predicts More Rallies for Chainlink (LINK) and One AI-Focused Crypto, Calls for Altcoin Market Cap Breakout

November 7, 2023
in Altcoin
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A intently adopted crypto strategist believes that Chainlink (LINK) has formally entered bull territory after months of sideways value motion.

Pseudonymous analyst Rekt Capital tells his 365,500 followers on the social media platform X that LINK is now within the midst of a long-term uptrend.

“The macro downtrend is over.

The macro vary is over, and a brand new macro uptrend has begun.” 

Supply: Rekt Capital/X

At time of writing, LINK is buying and selling for $12.45.

Subsequent up, the analyst is predicting a bullish continuation for Ocean Protocol (OCEAN), a challenge that goals to allow customers to entry and monetize information utilizing synthetic intelligence. In response to Rekt Capital, OCEAN seems poised to rally to $0.48 after efficiently closing final week above $0.40.

“This week, OCEAN efficiently retested the inexperienced space as new help (earlier than it acted as resistance). Maintain above inexperienced and OCEAN may revisit the purple highs above (~$0.48).”

Image
Supply: Rekt Capital/X

At time of writing, OCEAN is value $0.41.

Rekt Capital can also be preserving a detailed watch on the OTHERS chart, which tracks the entire market cap of all altcoins. In response to the analyst, OTHERS seems bullish after breaking out of its multi-month reversal sample, suggesting a rising danger urge for food for altcoins.

“Altcoin market cap has confirmed a breakout from its year-long market construction.”

Image
Supply: Rekt Capital/X

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Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in online marketing.

Featured Picture: Shutterstock/Alina Spiridonova/Natalia Siiatovskaia/Fotomay



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Tags: AIFocusedAltcoinBreakoutCallscapChainlinkcryptoLINKMarketPredictsRalliesTrader
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