As reported by CryptoPotato, Chainlink’s LINK is currently priced at $14, and a TD Sequential buy signal suggests the asset may be about to rebound. Some prominent analysts predict that the asset could see significant returns as on-chain indicators show bullishness.
LINK has been negatively impacted by the recent market correction, with the price falling by nearly 8% in a week and currently trading around $14. However, some prominent analysts believe that this negative trend may soon give way to a rebound. For example, Ali Martinez claims that TD Sequential is showing a buy signal on Chainlink’s 12-hour chart. The trader believes that if LINK can stay above the major resistance level of $13.87, its valuation could surge to $15.50.
Another analyst, Michael van de Poppe, is also optimistic about LINK’s prospects, believing that the token is one of the top five altcoins that can generate 3x growth in BTC. In addition, Crypto Wolf and SlumDOGE Millionaire also recently predicted a bright future for LINK. According to CryptoQuant data, LINK’s exchange net inflows over the past month have been mainly negative, indicating a shift from centralized platforms to self-custodial methods, which is considered bullish as it reduces immediate selling pressure.
