Chainlink

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 A widely followed analyst thinks that massive gains are ahead for a new decentralized finance (DeFi) altcoin.
 Pseudonymous analyst Inmortal tells his 209,300 followers on the social media platform X that the governance token of the Solana (SOL)-based decentralized exchange aggregator Jupiter (JUP) looks primed for a parabolic surge.
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 Inmortal shares a chart suggesting that JUP will rally to a new all-time high of $2.30, an increase of more than 207% from current levels.
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIMD_FIW8AAA-0j?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Inmortal/X
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 At time of writing, JUP is trading for $0.747.
 Next up, the trader is keeping a close watch on the decentralized oracle network Chainlink (LINK). Inmortal says he expects LINK to consolidate for a couple of weeks before moving higher.
 “Range high + moving average 200 [retest]. One to two weeks more of chop between $17-$21 then another leg up, in my opinion.” 
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIFmOifWcAApxQ0?format=png&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Inmortal/X
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 At time of writing, LINK is worth $20.01.
 Another coin on the trader’s radar is Constellation (DAG), a cryptocurrency platform built on a Directed Acyclic Graph (DAG) structure. According to Inmortal, DAG is in a position to witness an uptrend after ending an extended accumulation period.
 “Love the DAG chart.
 A +500 days accumulation is over and ready to expand in the next months.
 You don’t see this every day.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIE-gVKXIAEjKFO?format=png&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Inmortal/X
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 Looking at the trader’s chart, he appears to have marked $0.10, $0.20 and $0.46 as key resistance levels for DAG. At time of writing, DAG is worth $0.076.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-over-200-rally-for-defi-altcoin-updates-forecast-on-chainlink-and-one-additional-coin-tbt82176.html">https://thebittimes.com/analyst-predicts-over-200-rally-for-defi-altcoin-updates-forecast-on-chainlink-and-one-additional-coin-tbt82176.html</a>

Analyst Predicts Over 200% Rally for DeFi Altcoin, Updates Forecast on Chainlink and One Additional Coin

TheBitTimes

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