"Trader Warns of 50% Crash for Ethereum-Based Altcoin, Updates Bitcoin and Optimism Outlook"

1 min read
Source: The Daily Hodl
"Trader Warns of 50% Crash for Ethereum-Based Altcoin, Updates Bitcoin and Optimism Outlook"
Photo: The Daily Hodl
TL;DR Summary

Crypto analyst Ali Martinez warns that Chainlink (LINK) could experience a significant correction of up to 50% as whale transactions decline, indicating a lack of trading interest. He also suggests that Bitcoin (BTC) may decline 10% if it loses a key support level, while Ethereum (ETH) layer-2 blockchain Optimism (OP) is showing a bearish flag pattern, potentially leading to a continued move to the downside.

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