AAVE/USD Daily Chart
A cryptocurrency trader with the moniker “Cantering Clark,” envisages a $30 price target for Chainlink in the foreseeable future. Stating:
“The last break paused for a moment before ripping up 80% before any significant correction. Break of an ATH is a green light for strength. Expect a delay in follow-through always. I think a 30$ $LINK soon is conservative.”
Courtesy: DeFi Pulse
On the other hand, some traders and analysts remain optimistic in the medium term, explaining that the recent correction was not only expected but also very necessary to keep the rally from overheating. Bitcoin is trading marginally up at $36,720 at the time of writing.
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