LINK has been one of the top performers in the last cycle, where it performed exceptionally well during the bearish part of the cycle.
Sadly enough, LINK topped during the first top of 2021, only to trade dominantly bearish since then. However, there's light at the end of the tunnel.
LINK appears to be trading in a bear flag pattern, which are classically bullish continuation patterns. Be aware that were currently still in a bear market and LINK could very easily drop another 75% from here.
Theoretically, LINK could reach $100 next cycle. If we make the assumption that LINK will find a bottom at $3, we only need a 33x to get to $100, which should be doable considering it did a 320x from bear market low to bull market high last time.
Sadly enough, LINK topped during the first top of 2021, only to trade dominantly bearish since then. However, there's light at the end of the tunnel.
LINK appears to be trading in a bear flag pattern, which are classically bullish continuation patterns. Be aware that were currently still in a bear market and LINK could very easily drop another 75% from here.
Theoretically, LINK could reach $100 next cycle. If we make the assumption that LINK will find a bottom at $3, we only need a 33x to get to $100, which should be doable considering it did a 320x from bear market low to bull market high last time.
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