Santana’s prognosis is hinged on LINK’s key acquisition period, which preceded the 2021 bull market. He calls 2023 a “recovery year,” with numerous cryptocurrencies tallying decent price gains but not a bull market. The analyst predicts a “huge” bull run by 2025 that could push LINK above $135.<\/p>\n
At the time of writing, LINK was trading at $10.60, up 6.1% in the last 24 hours, but sustained a 15.4% drop in the weekly frame, data from Coingecko<\/a> shows.<\/p>\n \u2734\ufe0f ChainLink Pre-2025 Bull-Market Accumulation Zone & Strategy<\/p>\n Hello my dear friend,<\/p>\n Notice the huge difference between the bullish wave in 2021 vs the bullish wave in 2023! \u2014 Alan Santana (@lamatrades1111) August 8, 2024<\/a><\/p><\/blockquote>\n Despite the fact that Santana is hopeful about the future, the present state of the market indicates that this is not the case. In comparison to the previous day, the price has decreased by 3.44%, and it is now trading at $10.04.<\/p>\n The 50-day and 100-day Exponential Moving Averages (EMAs) are currently coming up\u00a0at $13.072 and $14.071, respectively, which\u00a0suggests\u00a0that technical indicators point to a significantly more bearish situation than the current price.<\/span> In light of these contradictory signals, Santana has recommended a “buy and hold” strategy to LINK investors. In times of market depression and uncertainty, he suggests, it is the perfect time to start, as he stresses patience above complex technical analysis.<\/p>\n Santana claims that these are the times when long-term investors could protect their holdings before the market becomes euphoric and greedy.<\/p>\n This approach is especially pertinent considering Santana’s forecast that the prolonged accumulation period for LINK will filter out short-term investors. Once the next bull market starts, he thinks this screening process will set the stage for exponential expansion.<\/p>\n More information comes from the crypto prediction platform CoinCheckup. It shows that LINK will go up soon. The platform says that there could be a big 89% growth in the next six months<\/a>, even though the market price is 3.15 % lower than what it predicted would happen in the next 30 days. This prediction is based on rising demand and positive developments in the Chainlink environment.<\/p>\n\n
\nThis is why I dubbed 2023 the “recovery year.” Last year many Altcoins produced a nice wave, a recovery\u2026 pic.twitter.com\/DTF977g5yT<\/a><\/p>\nCurrent Market Conditions<\/strong><\/h2>\n
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\n<\/span><\/p>\nAnalyst Advocates ‘Buy And Hold’ Approach<\/strong><\/h2>\n
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Near-Term Trend Looking Up<\/strong><\/h3>\n