Top Analyst Says This Blue-Chip Ethereum-Based Altcoin About To ‘Bounce Hard’ – Here’s His Outlook - The Daily Hodl
A widely followed crypto analyst says that one blue-chip Ethereum-based (ETH) altcoin is gearing up for a bounce after a significant price drawdown. ...
- The Flow Horse, a pseudonymous crypto trader, believes that Chainlink (LINK) is poised for a bullish continuation after a price drawdown.
- The trader has rebought LINK and is considering buying more, expecting a strong bounce even if the price drops further.
- Chainlink is currently trading at $15.07, with a 5.29% gain in the last 24 hours.
- The analyst also expresses bullish sentiment towards Fetch.ai (FET) and plans to accumulate the coin on dips as long as it maintains its current uptrend.
- FET is currently trading at $0.514, with a 13.5% increase in the last day.
- The analyst acknowledges that not all altcoins will sustain their rallies, as there may not be enough capital to support them in the long term.
The sentiment in the article is mostly positive, with the analyst expressing bullish views on Chainlink and Fetch.ai. However, there is also a cautionary note about the sustainability of altcoin rallies in general.