Tezos and Chainlink: The Unexpected Crypto Heroes of 2023

Chart Analysis of Tezos (XTZ) and Chainlink (LINK)

The crypto world is swirling with excitement as lesser-known assets like Tezos (XTZ) and Chainlink (LINK) have emerged as stars in 2023. Tezos has skyrocketed by a staggering 180% and Chainlink isn’t far behind with a 165% increase since the year kicked off. Let’s take a deeper dive into what’s brewing under the surface.

Tezos: From Resistance to Resistance

Tezos has made headlines by conquering a long-standing resistance area. The XTZ/BTC pairing has danced around the 0.0002570-0.0002600 satoshis range, stumbling four times over 18 months before finally breaking through. To the victor go the spoils! With volume rising like bread in a warm oven, Tezos is now aiming for the 0.0003450 level.

• Current Targets:
• First target: 0.0005000
• Next target: 0.0005500

If that happens, we could see another 50% gain in price. Just think of Tezos as that kid who finally made the soccer team; now it’s time for the championships!

The USD Performance of Tezos: Eyes on $4

Tezos is also flexing its muscles against the USD. After breaking above $1.75, it’s eyeing the $4 mark as its next big challenge. If Tezos can ace that test, we might just see it scale to $5.85 or even $6. However, hold on a second—seems like we might need to have a fall-back plan if it hits resistance.

Potential Retest Levels: If it stumbles, we’ll want to keep an eye on the $1.75 and $2.50 throwbacks.

Chainlink: The Comeback Kid

Chainlink is the sturdy bridge between hope and reality in crypto land. It has shown a remarkable ability to retest previous support levels without breaking a sweat, currently hanging out near the $3.75-$3.80 range. This could act as a launching pad as it gears up for potential price discovery.

1. Expectations: A rise to $4.50-$4.60 is on the table.
2. If resistance holds, be prepared for a retest at $3.80—definitely not a fun rollercoaster!

Looking Ahead: Danger or Opportunity?

While the bullish momentum is thrilling, as per every good superhero movie, there’s always the villain lurking around the corner. If neither Tezos nor Chainlink can maintain momentum at the critical resistance levels, we could see a potential reversal. Sure, these assets have rallied hard, but remember, even the strongest heroes face challenges!

Conclusion: Your Turn to Act!

In the volatile world of crypto, having your own strategy is crucial. Whether you’re keen on the rapid ascent of Tezos or captivated by Chainlink’s ongoing saga, always do your homework! Don your cape, equip your research tools, and dive into the thrilling — and sometimes perilous — ocean of digital currencies.