Flow

Chainlink

Artificial Superintelligence Alliance

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 <p>A widely followed crypto analyst says that one blue-chip Ethereum-based (ETH) altcoin is gearing up for a bounce after a significant price drawdown.</p>
 <p>Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that decentralized oracle provider Chainlink (LINK) looks set for a bullish continuation after retracing its gains earlier this month.</p>
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 <p><em>“Rebought LINK, and looking to buy more. This pulled back 22% already, and even if it goes further to $12, I think we bounce hard. Open interest is completely cooked off and price remaining afloat.” </em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_Lx1DBWEAAIUHc?format=png&amp;name=small" alt="" width="1063" height="499">
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   Source: The Flow Horse/X
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 <p>Chainlink is trading for $15.07 at time of writing, a 5.29% gain during the last 24 hours.</p>
 <p>Moving on to the artificial intelligence-focused altcoin Fetch.ai (FET), the crypto analyst says that as long the digital asset holds its current uptrend, he’ll be accumulating the coin on dips.</p>
 <p><em>“As long as FET holds the trend I am deploying on dips. Again, AI is the only narrative that is new.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F_OMwT6XwAAzENN?format=png&amp;name=900x900" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: The Flow Horse/X
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 <p>FET is trading for $0.514 at time of writing, a 13.5% increase during the last day.</p>
 <p>Although the pseudonymous analyst is bullish on LINK and FET, he highlights&nbsp;that there doesn’t appear to be enough capital to keep all altcoins rallying for long and that many will eventually deflate.</p>
 <p><em> “One thing is pretty clear, there isn’t enough capital to keep floating alts for long. Just trying to passively index across different higher beta stuff [until they] hit a ceiling. You either pick winners or be willing to fade some stuff that is going to have a lot of air taken out.”</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-says-this-blue-chip-ethereum-based-altcoin-about-to-bounce-hard-here-s-his-outlook-tbt70894.html">https://thebittimes.com/top-analyst-says-this-blue-chip-ethereum-based-altcoin-about-to-bounce-hard-here-s-his-outlook-tbt70894.html</a></p>

Top Analyst Says This Blue-Chip Ethereum-Based Altcoin About To ‘Bounce Hard’ – Here’s His Outlook

TheBitTimes

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