Date: Tue, Oct 22, 2024, 10:45 AM GMT
As the cryptocurrency market continues to fluctuate, Bitcoin (BTC) hovers around the $67,000 mark. Traders are eyeing a potential bounce above $70K, which could spark a fresh rally across the market. While Bitcoin’s performance grabs headlines, some altcoins are also gaining attention. Aptos (APT) and Uniswap (UNI) are showing upward momentum.
In particular, analyst @CryptoBull_360 has shared insights on two notable altcoins: Chainlink (LINK) and Oasis (ROSE). While the performance of both tokens over the past 30 days hasn’t been particularly striking, the next moves highlighted by the analyst could lead them to mark major gains ahead.
Chainlink (LINK):
Chainlink, known for its decentralized oracle networks, is trading at approximately $12.13. analyst believe that LINK is poised for a major rally ahead. The price action shows it has recently retested its ascending triangle, flipping off support and resistance levels. With increasing trading volume, the sentiment around LINK is bullish, suggesting that traders should keep a close watch on its next moves.
@CryptoBull_360’s analysis suggests that LINK could reach to $13.50 price level ahead.
Oasis Network (ROSE):
Oasis Network, with its privacy-enabled blockchain architecture, sees its native token, ROSE, at $0.07299. The analyst highlighted a short-term breakout opportunity from a rising wedge pattern on the 4-hour timeframe. A successful breakout from this pattern, coupled with a flip of the trendline into support, could propel ROSE towards higher price levels.
The increased trading volume supports this optimistic outlook, signaling growing interest and potential momentum.
Is a Rally Coming?
While the past month hasn’t been spectacular for either token, the analyst’s insights suggest that both LINK and ROSE may be on the verge of major gains. The bullish patterns and rising volume are indicators that traders should pay attention to in the coming days.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.