A widely filled crypto analyst is predicting a 25% upswing for decentralized oracle provider Chainlink (LINK) while updating his outlook on decentralized crypto exchange (DEX) SushiSwap (SUSHI).
In a new thread, crypto strategist Ali Martinez tells his 40,800 followers on the social media platform X that the path appears clear for LINK to skyrocket to the $20 price level.
“Chainlink has built a solid demand zone between $14.80 and $15.20, where 17,650 addresses bought 85.12 million LINK. With the lack of resistance ahead, LINK could be positioned to advance toward $20.”
Source: Ali Martinez/X
The traders’ chart, which tracks the In/Out of the Money Around Price (IOMAP) metric, indicates that a staggering 92.1% of LINK holders are in the green while just 6.5% are underwater.
LINK is trading for $15.95 at time of writing, a 6.26% increase during the last 24 hours. An increase to Martinez’ predicted price would mark a surge of about 25%.
Moving on to DEX protocol SushiSwap, Martin
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