A widely respected cryptocurrency analyst believes that altcoins running on the Ethereum (ETH) network are primed for a big price surge.
Trader Michaël van de Poppe told his 685,500 followers on social media platform
According to Van de Poppe, LINK appears to be bullish on both Bitcoin (LINK/BTC) and the US dollar.
“This seems ready to continue.
The BTC pair is recording higher highs, higher lows and holding higher period support levels.
“We expect it to rise to $25-$30 in the coming months.”
At the time of this writing, LINK is trading at $14.72, suggesting a potential upside of more than 100% if the ETH-backed altcoin achieves analysts’ targets.
Looking at layer 1 blockchain Sui (SUI), Van de Poppe believes that the altcoin is likely to head into the next support area with a price around $0.90 before the next stage of upside.
“This is also being comprehensively revised, which is okay. The optimal area for entry is approaching before the uptrend continues.
Buy Dips.”
As of this writing, SUI is worth $1.04.
Next is Ethereum scaling solution Arbitrum (ARB). Like SUI, Van de Poppe thinks ARB will see lower levels before regaining bullish momentum.
“This area between $1.40 and $1.85 is where you want to position yourself before it potentially goes up to $3.”
As of this writing, ARB is trading at $1.71.
The last coin to be on traders’ radar is the interoperable blockchain Cosmos (ATOM). Van de Poppe believes ATOM needs to remain above the immediate support level to trigger a strong breakout rally.
“This is an important area to hold. If this area between $7.50-9.00 holds, a breakout to $22-$26 is likely next.”
As of this writing, ATOM is worth $9.20.
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