The widely respected cryptocurrency strategist is predicting continued bullishness for a handful of altcoins, including Solana (SOL), Chainlink (LINK), and Polygon (MATIC).
Analyst Michaël van de Poppe told his 692,000 followers on social media platform
Solana’s period of consolidation appears to have ended after SOL rebounded from recent lows of around $79, according to analysts.
“I think we will continue to move towards $140.”
As of this writing, SOL is valued at $103, up more than 6% in the past day.
Looking at the underlying assets of decentralized oracle Chainlink, Van de Poppe believes LINK is ripe for an upswing.
“This has been maintained at a critical level, so it is available for $25.”
As of this writing, LINK is worth $14.98, up more than 2% in the last 24 hours.
The following are the native assets of Polygon, a blockchain scaling solution. According to Van de Poppe, MATIC could rise by up to 85% from current levels.
“Higher term support levels are maintained and liquidity is secured.
MATIC has also underperformed, but is expecting another upturn.
The next rally could be in the $1.25-$1.50 region.”
As of this writing, MATIC is trading at $0.817.
The analyst also has his radar set on Ethereum (ETH) scaling solution Arbitrum (ARB). Van de Poppe said ARB was poised for a big rally after holding the $1.60 level as support.
“If we get back to the $1.40-$1.60 level, that’s definitely a barrier to entry, but I think we’ll continue to use layer 2. “Maybe this price could go up to $3 or $4.”
As of this writing, ARB is worth $1.85.
The last coin on the list of traders is the native asset of the interoperable blockchain Polkadot (DOT). Van de Poppe believes DOT could spark a rally of more than 100% after the recent decline.
“Overall, it includes a great daytime candle. dot. There has been a 30-40% correction, which is a huge opportunity in a bull market. I think we are ready for the next upward impulse, perhaps around $15 for Polkadot.”
As of this writing, DOT is worth $7.
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