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Sherpa

Chainlink

<p>Chainlink (LINK), the decentralized oracle network, has been capturing analysts’ attention amid its ongoing consolidation phase. While opinions differ on its short-term prospects, there is a consensus on Chainlink’s fundamental strength and long-term potential.</p>
<h2 class="wp-block-heading" id="strong-altcoin-sherpa-s-perspective-strong"><strong>Altcoin Sherpa’s Perspective</strong></h2>
<p><a href="https://x.com/AltcoinSherpa/status/1772293361635880964?s=20" target="_blank" rel="noopener noreferrer nofollow">According</a> to Altcoin Sherpa, Chainlink should be viewed as a long-term investment rather than an actively traded asset. “You shouldn’t be actively trading this,” Sherpa stated, citing Chainlink’s relative stability compared to more volatile altcoins. However, Sherpa acknowledged Chainlink’s liquidity and strong fundamentals, describing it as “one of the best” and a “safe coin that is going to do strong numbers.”</p>
<p>Sherpa expects Chainlink to continue its consolidation phase for a while before making its next significant move. Moreover, the analyst suggests that Chainlink may not outperform every other coin as it has in the past, but it can still be part of a lower-risk portfolio.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="568" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-1024x568.png" alt="" class="wp-image-460753" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-1024x568.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-300x167.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-768x426.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-1536x852.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-2048x1137.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-270x150.png 270w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-631x350.png 631w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208-788x437.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1208.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="strong-micha-l-van-de-poppe-s-bullish-outlook-strong"><strong>Michaël van de Poppe’s Bullish Outlook</strong></h2>
<p>On the other hand, top analyst Michaël van de Poppe has a more bullish outlook on Chainlink’s short-term prospects. Poppe <a href="https://x.com/CryptoMichNL/status/1772616996959506612?s=20" target="_blank" rel="noopener noreferrer nofollow">notes</a> that Chainlink “shows strength” and is “expecting to have a new rally to $35.” This prediction is based on the constant support and resistance flips at $12 and $16.50, signaling buyer strength.</p>
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<h2 class="wp-block-heading" id="strong-current-price-action-strong"><strong>Current Price Action</strong></h2>
<p>According to the latest data from CoinMarketCap, the Chainlink price currently stands at <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">$20.16</a>, up 4.56% in the last 24 hours. This price action could be seen as a positive sign, aligning with the analysts’ overall positive sentiment towards the project.</p>
<p>While the analysts may differ in their short-term perspectives, they agree on Chainlink’s fundamental robustness and its potential to deliver strong returns in the long run. As the consolidation phase continues, investors will be closely monitoring Chainlink’s price action for potential breakouts or further consolidation.</p>
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<p>The post <a href="https://captainaltcoin.com/chainlinks-link-next-move-35-rally-or-extended-chop-analysts-contrasting-views/" rel="noopener noreferrer nofollow">Chainlink’s (LINK) Next Move: $35 Rally or Extended Chop? Analysts’ Contrasting Views</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Chainlink’s (LINK) Next Move: $35 Rally or Extended Chop? Analysts’ Contrasting Views

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