Solana (SOL) Poised for Strong Uptrend
Crypto analyst Michaël van de Poppe predicts that Solana (SOL) is on the cusp of a powerful uptrend that could push the altcoin to around $40. He notes the solid strength and upward trend of SOL, stating that he wouldn’t be surprised if it reaches $36-$39. Van de Poppe also mentions the possibility of a deeper market correction, in which case he suggests buying SOL at $26-$28.
Chainlink (LINK) Breaks Out of Consolidation Phase
Van de Poppe highlights Chainlink (LINK) as another altcoin that is performing well after months of consolidation. He believes that LINK has broken out of its multi-month range and continues to demonstrate strength. The analyst predicts a potential rally towards $12.50-$13.00 for LINK, with potential buy opportunities at $9.60-$10.00 in the event of a deeper correction.
Arbitrum (ARB) Shows Bullish Continuation
Van de Poppe also has his eye on Arbitrum (ARB), a layer-2 scaling solution. He anticipates further rallies for ARB but expects a shallow pullback. The analyst suggests looking for entry points around $0.85-$0.88 before ARB continues its upward movement towards $1.11. Van de Poppe believes that a renewed test of the resistance at $0.98 will likely result in an upside breakout for ARB.
Hot Take: Altcoins on the Rise
Crypto strategist Michaël van de Poppe provides insights into the potential price movements of three altcoins – Solana (SOL), Chainlink (LINK), and Arbitrum (ARB). Van de Poppe predicts a strong uptrend for SOL, with a potential price target of $36-$39. He also highlights the breakout of LINK from its consolidation phase and suggests a rally towards $12.50-$13.00. Additionally, the analyst expects bullish continuation for ARB, with potential entry points around $0.85-$0.88 and a target of $1.11. These altcoins demonstrate promising growth prospects in the crypto market.
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