A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins, including Solana (SOL), Chainlink (LINK), and Polygon (MATIC).
Analyst Michaël van de Poppe tells his 692,000 followers on social media platform
According to the analyst, Solana’s consolidation period appears to have ended after SOL recovered from the recent low of around $79.
“It seems likely we will head towards $140.”
At the time of writing, SOL is worth $103, up over 6% in the past day.
Looking at the native asset of the decentralized oracle Chainlink, Van de Poppe also thinks that LINK is ripe for a leap upwards.
“This one is ready at $25 as it has held crucial levels.”
At the time of writing, LINK is worth $14.98, up over 2% in the last 24 hours.
The following is the native asset of the blockchain scaling solution Polygon. According to Van de Poppe, MATIC could rise by as much as 85% from current levels.
“The higher support levels in the time frame held and liquidity was removed.
I expect a new upward momentum, although MATIC is also underperforming.
The next rally could be towards the $1.25-1.50 region.”
At the time of writing, MATIC is trading at $0.817.
The analyst has also locked his radar on the Ethereum (ETH) scaling solution Arbitrum (ARB). Van de Poppe says ARB looks poised for a big move after holding the $1.60 level as support.
“If it gets back into the $1.40-1.60 area, it’s clearly an entry, but I think we’ll continue with the Layer 2s. It could probably rise to $3-$4.”
At the time of writing, ARB is worth $1.85.
The last coin on the trader’s list is the original asset of the interoperable blockchain Polkadot (DOT). Van de Poppe believes DOT could unleash a rally of more than 100% after the recent pullback.
“Great weekly candle across the board, including POINT. Had a 30-40% correction, which offers huge opportunities within a bull market. I think we’re ready for the next upside, maybe $15 for Polkadot.”
At the time of writing, DOT is worth $7.
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Generated image: Midjourney
