A Crypto Trader Believes Solana and Chainlink Are Poised for Growth
A well-known crypto trader suggests that Solana (SOL) is not done with its upward momentum. The trader, known as The Flow Horse, states that SOL bulls are continuing to accumulate the cryptocurrency despite its price fluctuations. With significant buying activity, the trader predicts that SOL is preparing for another surge.
The analyst also observes that Solana seems to rebound each time it reaches a key trend indicator on the four-hour chart. This indicates that SOL may be ready for another push higher.
Currently, SOL is trading at $73.24.
In addition to Solana, the analyst believes that Chainlink (LINK) is also poised for a breakout rally after consolidating for about a month. Several cryptocurrencies are breaking out of their consolidation phases without being driven solely by short squeezes, and LINK is one of them.
The trader is accumulating LINK in anticipation of an upward surge. Despite reducing positions in altcoin futures, the analyst is adding more LINK to their spot portfolio.
Currently, LINK is valued at $16.40.
Hot Take: Solana and Chainlink Show Promise for Crypto Investors
A prominent crypto trader has expressed optimism about the potential growth of Solana (SOL) and Chainlink (LINK). The trader believes that SOL is still on an upward trajectory, as evidenced by continuous accumulation by bullish investors. Additionally, SOL has shown resilience by bouncing back whenever it hits key trend indicators. The trader predicts a target price of $80 for SOL.
Regarding Chainlink, the trader expects a breakout rally after a consolidation period. LINK is one of several cryptocurrencies breaking out without relying solely on short squeezes. The trader is actively accumulating LINK in anticipation of further gains.
Both Solana and Chainlink present opportunities for crypto investors seeking potential profits in the market.
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