Analyst Expects a Significant Rally for ETH-Based Altcoin
A well-known crypto analyst believes that Chainlink (LINK), an altcoin operating on the Ethereum network, is gearing up for a major price surge. Trader Michaël van de Poppe suggests that LINK is poised for a 2x rally against both Bitcoin and the US dollar. He notes that the BTC pair is showing higher highs and higher lows, indicating a breakout to $25-$30 in the coming months. At present, LINK is trading at $14.72, which suggests a potential upside of over 100% if it reaches the analyst’s target.
Updates on Sui, Arbitrum, and Cosmos
Van de Poppe also offers insights into other cryptocurrencies. He believes that Sui (SUI) is undergoing a correction but expects it to continue its upward trend after reaching its next support area at around $0.90. The analyst suggests buying the dips. As for Arbitrum (ARB), another Ethereum scaling solution, Van de Poppe anticipates lower levels before a potential run to $3. ARB is currently trading at $1.71. Lastly, he mentions Cosmos (ATOM), stating that it must hold above its immediate support level to trigger a breakout rally towards $22-$26. ATOM is currently worth $9.20.
Hot Take: Analyst Forecasts Promising Gains for ETH-Based Altcoin
Crypto analyst Michaël van de Poppe predicts an impressive rally for Chainlink (LINK), an altcoin running on the Ethereum network. With signs of bullish momentum against Bitcoin and the US dollar, he expects LINK to surge by 2x in the coming months, potentially reaching $25-$30. Additionally, Van de Poppe shares updates on Sui, Arbitrum, and Cosmos, highlighting their potential for growth after undergoing corrections. This analysis offers valuable insights for crypto traders looking to capitalize on potential opportunities in the market.
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