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A closely followed crypto analyst says that decentralized oracle network Chainlink (LINK) and one other under-the-radar Ethereum-based altcoin are set for rallies.

Michal van de Poppe tells his 622,000 Twitter followers that LINKs recent 35% run has more gas in the tank, and is on track for a potential price target of $12, which is a 37% gain from current prices.

This is going according to plan.

Made a 35% run from $7 to $9.50 and needs to consolidate as we speak.

Expecting to see $8 hold as support and then $12 is on the board for the potential target.

At time of writing, LINK is changing hands for $8.74.

Also on the analysts radar is layer 2 scaling solution Celer Network (CELR). According to Van De Poppe, CELR is in a clear upward trend, with a further 30% rally left in it.

The trend is upwards, as continuously higher lows are created.

Id like to see $0.0235-0.024 hold as support and then $0.034 is possible.

At time of writing, CELR is trading for $0.0026, up 20% in the last seven days.

Looking at Bitcoin (BTC), the analyst says that BTC is in a consolidation pattern, and will present opportunities for bulls near the $23,000 area.

Bitcoin consolidating a little, as weve had a pretty decent run upwards in the past week.

Watching $23.8K and $23K for longs

Featured Image: Shutterstock/TanyaLovus/David Sandron

Read more from the original source:
Analyst Says Chainlink (LINK) and Low-Cap Ethereum Altcoin Set for Rallies Heres His Price Target - The Daily Hodl