By Bardil 
A prominent crypto trader has identified a mid-cap altcoin that could be poised for a significant rally, drawing comparisons to Chainlink’s (LINK) explosive performance during the 2020 bull cycle.
Pseudonymous analyst INMORTAL, who boasts a following of 231,800 on the social media platform X, has expressed strong optimism for Mantle (MNT), the native asset of the layer-2 scaling solution Mantle.
According to INMORTAL, MNT’s current price action mirrors Chainlink’s consolidation phase from 2019 to 2020, which preceded LINK’s meteoric rise from $1.36 to $53—a staggering 3,797% increase.
“MNT gives me early LINK vibes. Many people think the bull market is over, but there are coins like Mantle that haven’t even started it yet. Conviction play for me,” INMORTAL stated.
Based on INMORTAL‘s chart analysis, MNT could potentially surge to $6 by next year. At the time of writing, MNT is trading at $0.66.
Shifting focus to Bitcoin, INMORTAL highlighted that the cryptocurrency’s reaction at a critical price level will determine whether it will revisit new lows this cycle. The analyst shared a chart suggesting that BTC might replicate its 2022 price action, where it briefly soared above $45,000 before plummeting to a bear market low of $16,000.
However, INMORTAL noted that the bearish scenario would be invalidated if Bitcoin successfully flips a key price level as support.
“$95,000 is where we find out if this bounce is a:
a) Last exit before new lows
b) Local bottom
BTC,” INMORTAL explained.
At the time of writing, Bitcoin is valued at $87,355.
Sources: INMORTAL/X