Analyst Forecasts $40 Target For Chainlink (LINK)

Analyst Forecasts $40 Target For Chainlink (LINK)
Chainlink (LINK) continues to remain among the headlines following a negative performance, which saw the token’s price decline by 7.63% in the last week based on data from CoinMarketCap. However, despite this discouraging price loss, investors and market experts appear to remain bullish on the altcoin. For instance, popular crypto analyst Michaël van de Poppe has recently released a price prediction that states LINK could double its market price in the coming months. Related Reading: Chainlink Open Interest Sitting At Record Levels, What This Means For Price Chainlink (LINK) Poised To Notch 122% Gains, Analyst Says In a Friday post on X, Michaël van de Poppe presented a bullish case for Chainlink using the LINK/BTC 3-day chart. The analyst began his prediction by noting LINK’s positive stint in the first two weeks of February, during which the token rose by 32.77% to trade above the $20 price mark. #Chainlink had another leg upwards in their $BTC pair towards the crucial resistance. Failed to break out. It’s looking for a higher low & support and then ..

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