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Popular crypto traders are predicting gains for Ethereum (ETH), Chainlink (LINK), and altcoins in the decentralized finance (DeFi) sector.
Pseudonymous analyst known as Altcoin Sherpa To tell His 184,100 Twitter followers expect ETH to rise about 11% from its current price to at least break through the $1,500 level.
ETH: I think this will be at least 1500 to be honest.
Altcoin Sherpa To tell Decentralized oracle network Chainlink also appears to be in a breakout position. Based on analyst charts, he expects LINK to approach the 200-day moving average near $10, about 30% away from the current $7.67.
“Link: Are you ready?”
Altcoin Sherpa is also eyeing the Injective Protocol (INJ), a decentralized exchange (DEX) on the Ethereum network that offers margin trading and derivatives on a cross-chain platform.
The pseudonymous analyst said he is aiming for an entry point near $1.70 before targeting the $2.20 range.
“INJ: Buy strength in this market. I will buy the next dip I feel comfortable about when it comes. Probably in the mid-dollar range.”
Looking at Bitcoin, Altcoin Sherpa remains generally bearish on BTC and we expect it to be the next big move.
BTC: Another leg down consolidation throughout 2022, is this any different? Trend remains bearish until shown otherwise. It’s scary and big moves are coming.”
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Featured Image: Shutterstock/storoch/VECTORY_NT/David Sandron
