Expert Crypto Analyst Forecasts Ethereum-Based Altcoin's New Peak, Provides Latest Dogecoin Outlook

A Prominent Anonymous Crypto Trader Optimistically Supports a Ethereum (ETH)-Based Altcoin

Cryptocurrency Analyst Bluntz Anticipates Potential Surge in Chainlink (LINK) Price, Citing Bullish Patterns on USD, Bitcoin, and Ethereum Pairings

Bluntz, a well-regarded figure in the crypto sphere with an audience of over 223,900 followers, has shared insights on blockchain oracle Chainlink (LINK). According to his analysis, a promising bullish pattern has emerged across its USD, Bitcoin (BTC), and Ethereum pairs, hinting at the possibility of a fresh local high.

Highlighting this development, Bluntz remarks, 'A distinct breakout of a wedge/bull flag pattern is now evident across all LINK pairs. The initial outcomes are promising, raising expectations for a potential new high across these three pairings

Source: Bluntz/X

At the time of composing this, Chainlink is currently trading at $7.62. Over the past 24 hours, LINK has experienced a modest decline of 1.3%, yet it has shown a positive trend of 5.3% growth throughout the past week.

Earlier in the current week, Bluntz, a recognized figure in the cryptocurrency domain, highlighted the emergence of a promising trend in Chainlink. This bullish pattern has captured his attention, leading him to perceive Chainlink as an asset with potential.

Shifting focus to Dogecoin (DOGE), the trader's analysis reveals a positive indication for the popular meme coin. As depicted in Bluntz's chart, an optimistic scenario unfolds, suggesting a potential surge of at least 20% from the present level, propelling Dogecoin's value to $0.09.

"DOGE is once again showing promise," Bluntz asserts. He identifies that the four-hour channel has remained intact, and a favorable structural shift is occurring on lower time frames

Source: Bluntz/X

At the moment of writing, Dogecoin holds a trading value of $0.075. Over the past 24 hours, the memecoin has experienced a slight decrease of 0.7%, while it has displayed a positive growth of 2.2% over the past seven days.

Aug 11, 2023

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