Chainlink Rises, DOGE And BTC Predicted Bullish

LINK crypto assets are predicted to continue the upward trend. (Photo; Doc. Portaldobitcoin)

JAKARTA - Chainlink's digital currency (LINK) is starting to show recovery in the midst of a crypto market that began to surge after a previous decline. Leading crypto analyst, Rekt Capital, which has more than 352,300 followers on social media platform X, predicts that LINK is ready to continue its rise.

Rekt Capital assesses that LINK has followed its highest resistance level after experiencing price increases in July. Currently, LINK is trading around Rp106 thousand per coin, although it experienced a decline on September 11.

Rekt Capital believes that LINK has the potential to "re-test its highest resistance level" of around $8.186 or around IDR 125 thousand per coin, signaling an additional gain of around 20.5%.

Even so, attention is not only focused on LINK. Dogecoin (DOGE), known as the popular "memecoin", also caught the attention of Rekt Capital. Rekt Capital noted that DOGE was at the resistance level during July.

Despite breaking its peak this year at the level of IDR 1,256 at the end of last July, DOGE has since decreased by more than 23.7% and is currently trading around IDR 956 per coin. According to Capital Rekt, DOGE is still at the current support level.

Meanwhile, in its forecasts regarding Bitcoin (BTC), Rekt Capital revealed that the world's largest cryptocurrency is currently in the "initial phase of the bullish market." However, it warns that Bitcoin still has the potential to experience one downward movement similar to its 2019 and 2015 market cycles.

Capital defenders are of the view that "It's a long term, the prospects are bullish. Medium? In the next seven months, we'll probably experience one last major correction or maybe not. Will that happen? It would be wise to be prepared if that happened."