A closely followed crypto analyst believes that rallies are in sight for a couple of altcoins including the native asset of the decentralized oracle network Chainlink (LINK).
Pseudonymous analyst Inmortal tells his 211,300 followers on the social media platform X that he sees LINK rallying close to $26.
But before Chainlink could surge to a level last seen over two years ago, Inmortal sees the altcoin dropping to as low as $15.
“LINK: $15-$17 is a good range to add to spot bags. Quite simple.”
At time of writing, Chainlink is trading for $18.30.
Next up, the trader is also bullish on the gaming-focused crypto project Beam (BEAM). Inmortal shares a chart suggesting that BEAM may dip below $0.025 before launching an over 100% surge.
“BEAM: holding a bag from $0.018. $0.027 would be a dream spot to add more.”
At time of writing, BEAM is worth $0.032.
The crypto strategist is also keeping a close watch on Dogecoin (DOGE) rival Floki (FLOKI). The trader shares a chart showing how FLOKI is massively outperforming DOGE this cycle.
“FLOKI vs. DOGE.
The chart speaks for itself.”
The trader previously predicted that Floki would mirror Dogecoin’s price action during the last bull market and rally to a new all-time high of $0.0018, a rise of about 680% from current levels.
“FLOKI is about to do what DOGE did in 2021.
It’s memecoin season and Floki will be the best performer, in my opinion.”
At time of writing, FLOKI is worth $0.00023.
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Generated Image: Midjourney