A closely watched crypto analyst thinks huge upside bursts are in store for Chainlink (LINK) and Cardano (ADA).
Crypto strategist Ali Martinez tells According to its 115,000 followers on social media platform
A bull flag is often seen as a bullish continuation pattern, indicating that an asset is taking a pause before moving higher.
says Martinez,
“Chainlink LINK breaks out of a bullish flag and targets $50!”
At the time of writing, LINK is trading at $24.43, which translates to a potential upside of more than 100% if the altcoin reaches its target.
As for the smart contract platform Cardano, Martinez says ADA can do that spark a massive 426% upside from current levels if it follows in the footsteps of 2021’s price action.
“After a 44% correction, Cardano ADA started its second surge in the week of February 1, 2021. Now, ADA has already undergone a 43% correction, suggesting that the next surge could last only two to three weeks. Next $6!”
At the time of writing, ADA is worth $1.14.
As for fellow layer 1 protocol Solana (SOL), Martinez say the altcoin could see astronomical gains after breaking through the resistance of a bullish pattern.
“Solana SOL has broken the cup-and-handle pattern, indicating a potential upside target of $4,700!”
A cup-and-handle structure suggests that buyers no longer wait for lower levels before entering the market, leading to higher prices for the asset.
At the time of writing, SOL is trading at $275.
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