Internet Computer

Sherpa

Chainlink

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 <p>A widely followed crypto analyst and trader is staying bullish on one altcoin that’s been red hot for months.</p>
 <p>The analyst pseudonymously known as Altcoin Sherpa tells his 205,800 followers on the social media platform X that Web3 project Internet Computer (ICP) still has more upside potential.</p>
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 <p><i>“ICP: another coin that looks interesting to me setup-wise, bullish demand zone plus 200-day EMA (exponential moving average) on the four-hour that hasn’t been tested in a while. I am considering longing this one.”</i></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GENbOlZWIAAHZU4?format=jpg&amp;name=4096x4096" alt="Image" width="2153" height="1179">
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   Source: Altcoin Sherpa/X
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 <p>Looking at his chart, the trader suggests ICP could bounce if it holds the 200-day EMA as support around the key level of $11.25.</p>
 <p>ICP is trading for $11.14 at time of writing up more than 270% since its $2.99 close on October 19th.</p>
 <p>Next up, the trader predicts that decentralized oracle provider Chainlink (LINK) will trade around its current price level in a consolidation phase before moving another leg up.</p>
 <p><em>“LINK is consolidating for the next move up, but I expect this to still just chill out for a while and continue to consolidate. Not expecting any big moves – yet.”</em></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GENV1DZWEAEcCLb?format=png&amp;name=medium" alt="Image" width="1200" height="657">
  <figcaption class="wp-caption-text">
   Source: Altcoin Sherpa/X
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 </figure>
 <p>Chainlink is trading for $15.43 at time of writing, up more than 7% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-says-altcoin-that-s-rallied-over-270-in-three-months-still-looks-bullish-updates-outlook-on-chainlink-tbt77176.html">https://thebittimes.com/analyst-says-altcoin-that-s-rallied-over-270-in-three-months-still-looks-bullish-updates-outlook-on-chainlink-tbt77176.html</a></p>

Analyst Says Altcoin That’s Rallied Over 270% in Three Months Still Looks Bullish, Updates Outlook on Chainlink

TheBitTimes

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