A widely followed analyst thinks huge profits are in store for a new decentralized finance (DeFi) altcoin.
Pseudonymous analyst Inmortal tells his 209,300 followers on social media platform
Inmortal shares a chart that suggests JUP will rise to a new all-time high of $2.30, an increase of over 207% from current levels.
At the time of writing, JUP is trading at $0.747.
Next, the trader keeps a close eye on the decentralized oracle network Chainlink (LINK). Inmortal says he expects LINK to consolidate for a few weeks before heading higher.
“Range high + moving average 200 [retest]. In my opinion, another one to two weeks of upside between $17 and $21, and then another step up.”
At the time of writing, LINK is worth $20.01.
Another coin on the trader’s radar is Constellation (DAG), a cryptocurrency platform built on a Directed Acyclic Graph (DAG) structure. According to Inmortal, DAG is positioned to witness an uptrend after the end of a longer accumulation period.
“I like the DAY chart.
An accumulation of +500 days is over and ready to expand in the coming months.
You don’t see this every day.”
Looking at the trader’s chart, it appears that he has marked $0.10, $0.20 and $0.46 as key resistance levels for DAG. At the time of writing, DAG is worth $0.076.
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Generated image: DALLE3