A widely followed crypto analyst believes that an Ethereum (ETH)-based altcoin is gearing up for a massive breakthrough.
Crypto trader Michaël van de Poppe tells his 727,900 followers on social media platform $.54.
It also highlights key upside resistance levels on the weekly chart, including $12.20, $16.05, and $18.55.
“Chainlink is still consolidating above crucial resistance and flipping it for support. I think anything between $9 and $11 is worth buying. I’ve mentioned it several times, but it remains the opportunity of a lifetime.
Chainlink is trading at $11.10 at the time of writing, up 4% in the last 24 hours.
Next, he says that Bitcoin (BTC) is showing an uptrend on the 12-hour chart after rebounding from the $60,000 level.
“I’ve explained this over the last few days, I think Bitcoin is looking for its monthly low during the first week of October. (Friday) is unemployment day and I think it will be very impactful. Holding crucial support and returning to the upside here indicates strength.
Bitcoin is trading at $62,117 at the time of writing, up more than 2% in the last 24 hours.
Finally, he says that the layer-one blockchain native asset Sei (SEI) could see an uptrend after bouncing off a key support level at $0.39.
“SEI looks great. Significant correction, but likely trending higher from this move as it sits on support. If this does not hold, I expect a correction to $0.31. I’m backtracking here and thinking this will go the way of SUI.
SEI is trading at $0.41 at the time of writing, up more than 6% in the last 24 hours.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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