Cryptocurrency Trader Expects Huge Rallies for Chainlink (LINK) and Cardano (ADA) – Here Are His Targets
One closely followed cryptocurrency analyst believes there is significant upside in Chainlink (LINK) and Cardano (ADA).
Crypto strategist Ali Martinez He tells His 11,500 followers on social media platform
A bull flag is often seen as a bullish continuation pattern, indicating that the asset is taking a break before rising.
Martinez says,
“Chainlink LINK Exits Bull Flag, Targets $50!”
At the time of writing, LINK is trading at $24.43, which translates to a potential upside of over 100% if the altcoin reaches the target.
Turning to the Cardano smart contract platform, Martinez says ADA can spark A massive 426% rise from current levels if it follows in the footsteps of 2021 price action.
“After a 44% correction, Cardano ADA began its second phase during the week of February 1, 2021. Now, ADA has already undergone a 43% correction, indicating that the next phase higher may be just two to three weeks away. $6 after that!
At the time of writing, ADA is worth $1.14.
As for Solana’s Layer 1 (SOL) protocol colleague, Martinez He says The altcoin could see astronomical gains after breaking the resistance of the bullish pattern.
“Solana SOL has broken a cup and handle pattern, indicating a potential upside target at $4,700!”
The cup and handle structure indicates that buyers are no longer waiting for lower levels before entering the market, causing asset prices to rise.
At the time of writing, SOL is trading at $275.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades 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 any 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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