Crypto Analyst Predicts Over 20% Rally for Chainlink (LINK), Updates Forecast for Dogecoin (DOGE) - The Daily Hodl

The Daily Hodl
The Daily Hodl

20 Sep 2023 12:00 AM

Widely followed crypto analyst Rekt Capital thinks the decentralized oracle network Chainlink (LINK) is primed to continue its recovery....

  • Rekt Capital, a popular crypto analyst, believes that Chainlink (LINK) is poised for further recovery.
  • LINK recently dropped to a low of $5.76 but has since surged by nearly 18% and is currently trading at $6.79.
  • The analyst predicts that LINK could revisit its range-high resistance at $8.186, representing a potential 20.5% increase.
  • Rekt Capital also mentions that Dogecoin (DOGE) has respected its channel bottom as support, but its price has dropped by over 23.7% since reaching a high of $0.082.
  • Regarding Bitcoin (BTC), the analyst believes it is in an early-stage bull market but warns of a possible major correction in the next seven months.

The sentiment in the article is mostly positive, with the analyst expressing optimism about the recovery of Chainlink and Bitcoin. However, there is also a cautionary note about a potential correction in the future.

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You May Ask

What is the current price of Chainlink (LINK) and how much has it surged from its recent low?According to Rekt Capital, what is the potential increase in price for LINK if it revisits its range-high resistance?How much has Dogecoin (DOGE) dropped in price since reaching its high in late July?What is the analyst's outlook on Bitcoin (BTC) in terms of its market cycle and potential correction?

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