Investors want to buy from the bottom and sell at the top to make more profit in the expected bull rally.
At this point, while investors are waiting for the right time to buy Bitcoin or altcoins, popular analyst Michael van de Poppe evaluated Chainlink (LINK) and Injective (INJ) in his recent YouTube video.
Stating that LINK may increase by more than 50% from its current value, the analyst thinks that LINK is already consolidated and will fall before rising.
“Chainlink has been trading in the $5 to $9.50 range for about 450 days and is now consolidating.
It could drop to form a bullish pattern before LINK's rallies fire up.
The $6.75 level is a very important area for long-term positions and then I think LINK will go towards $11.”
Apart from Poppe LINK, DeFi platform Injectve analyzed INJ token.
Explaining the possible intake levels for INJ, Poppe said:
“We've seen a pretty significant increase, and on this upswing, we saw $10 on INJ become a net resistance.
Currently, $5.40 seems to be bottoming out. And any level in between is the entry zone for INJ.
As a result, the region between $5.40 and $10 are the bottom zones. And I believe the rise will go to $14.”
*Not investment advice.
