A closely followed crypto trader says that one mid-cap altcoin is primed for a significant rally in price.
Pseudonymous trader Altcoin Sherpa tells his 196,300 followers on the social media platform X that blockchain oracle Chainlink (LINK) will likely break out of a months-long trading range in the next bull market cycle.
“LINK: 500 days of accumulation/chop/ranging for one of the best crypto projects that is the core infrastructure for thousands of projects. I think LINK is going to do big numbers next cycle and is one of the few I’d probably hold. Not a good trading vehicle right now though.”
Source: Altcoin Sherpa/X
Looking at the trader’s chart, LINK has traded since May 2022 within a range with an upper bound of $9.33 and