A closely followed crypto analyst thinks that huge upside bursts are in the cards for Chainlink (LINK) and Cardano (ADA).
Crypto strategist Ali Martinez tells his 115,00 followers on the social media platform X that the native asset of the decentralized oracle Chainlink appears to have broken out of a bull flag on the four-hour chart.
A bull flag is often viewed as a bullish continuation pattern, suggesting that an asset is taking a break before moving higher.
Says Martinez,
“Chainlink LINK is breaking out of a bullish flag, targeting $50!”
Source: Ali Martinez/X
At time of writing, LINK is trading for $24.43, translating to a potential rise of over 100% if the altcoin hits the target.
Turning to the smart contract platform Cardano, Martinez
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!