A rival to Solana (SOL) may be gearing up for a series of rallies, a cryptocurrency analyst said.
In a new strategy session, cryptocurrency trader Michaël van de Poppe told his 737,600 followers on social media platform said. It is tied at $0.52.
“There is a very strong movement in the SEI market. I expect it to break this resistance area, and if it does, I assume we’ll see it race towards an all-time high in the next 4-6 weeks. “Imitates SUI.”
SEI is trading at $0.4892 at the time of writing, down 4.5% in the last 24 hours. SEI hit an all-time high of $1.14 in March.
Next, the analyst believes that Ethereum (ETH)-based decentralized oracle provider Chainlink (LINK) could rise more than 23% from its current value after breaking through resistance levels.
“LINK has flipped significantly here at $13. I expect upward momentum to occur and the next target will be $18. LINK has reached its lowest point. “It’s still a huge opportunity.”
LINK is trading at $14.60 at the time of this writing, down 3.6% in the last 24 hours.
Finally, the analyst says the underlying asset of Ethereum scaling solution OP (Optimism) could surge into double digits if it can break through the key resistance level of $2.
“The market is ready to break through. Older Layer 1 has moved far and wide, and now it’s time for Layer 2 to follow suit. OP is one of them. If this resistance is broken, we expect a 60% rise.”
OP is trading at $1.77 at the time of this writing and is up 4% in the past week.
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