A closely watched crypto analyst reveals his prediction for a handful of altcoins, including Chainlink (LINK), Polygon (MATIC), and Floki (FLOKI).
Trader Michaël van de Poppe tells his 659,400 Twitter followers that he is optimistic about the decentralized oracle network Chainlink.
According to Van de Poppe, he is looking for LINK to rise towards $8 as long as it remains above its immediate support.
“Chainlink looks positive.
[LINK] broke back into the range as we had a little drift below the lows resulting in a test at $5.
As long as $5.50-6.00 holds as support, the markets are looking at a case where we will capture the highs.
Resulting in a rally to $8.”
At the time of writing, LINK is trading at $6.14.
The next step is the blockchain scaling solution Polygon. Van de Poppe says MATIC appears poised for a burst to the upside after June started on a bearish note.
“This one looks decent. Massive cascade to $0.50 resulting in a chain reaction of liquidations on the long side. They have all been taken. Probably we break up, have to flip $0.75. Looking for a long retest around $0.55 or $0.75 flip.
At the time of writing, MATIC is trading at $0.65.
Another altcoin on the trader’s list is the memecoin Floki. According to Van de Poppe, FLOKI is currently in the middle of a trading range and is looking for the memecoin to test its support or break above its range before collecting the token.
“Like many altcoins, it is in between levels.
Preferably you would like to see a case of an HL (upper low) here (technically we are going down).
If $0.0000235 holds, longs is a game.
Best case scenario: flip $0.0000308.”
At the time of writing, FLOKI is worth $0.000026.
The last altcoin on the analyst’s radar is OKB, the utility token of crypto exchange OKEx. According to Van de Poppe, he expects OKB to rise as long as it respects the USD 42 support.
“Meanwhile, OKB is doing well as an asset.
I expect OKX to become a prominent player in the markets in the coming years and OKB is starting to show strength.
If we stay above $42 and break $47, I expect $59 to be next.
At the time of writing, OKB is trading at $44.34.
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Image generated: Midway through the journey