Analyst Inmortal has emphasized the ongoing appeal of the altcoin LINK, highlighting the fundamental factors contributing to its sustained attractiveness. He acknowledges LINK’s impressive performance in maintaining positive momentum over a 500-day period, indicating sustained interest and investment in the token.
LINK’s expansion trajectory aligns with Inmortal’s positive outlook, with the token’s ability to grow and extend its market presence reflecting a dynamic and evolving ecosystem. The Support/Resistance (S/R) change is seen as a positive indicator for LINK, signifying a market dynamic where previous resistance levels become support, demonstrating the token’s resilience and strength.
Inmortal underscores the importance of renewed accumulation for LINK, suggesting it as a strategic positioning for potential future gains. While LINK has already shown expansion, Inmortal points to an ongoing phase, indicating that the token’s growth trajectory could continue into the foreseeable future, though the specific timeline remains uncertain.
Inmortal’s analysis concludes with an acceptance of the timing uncertainty for LINK’s next significant move. The dynamic nature of the cryptocurrency market, combined with various external factors, makes predicting specific timing a challenging task.
For investors following Inmortal’s insights, a checklist is provided as a valuable guide, recognizing LINK’s long-term accumulation, expansion, successful S/R transformation, and ongoing re-accumulation. Finally, according to Inmortal, LINK appears poised for a journey towards $50, but must first demonstrate strength at the $20 levels. As the market anticipates LINK’s next expansion phase, investor patience and adaptability to upcoming developments are crucial.