A widely followed analyst and trader explains what he thinks is in store for a trio of altcoins, including Solana (SOL) and Chainlink (LINK).
Crypto strategist Michaël van de Poppe tells his 669,500 followers on social media platform
“Solid strength, solid uptrend.
We wouldn’t be surprised if this gets us to $36-$39.
If the markets make a deeper correction, I would like to see some SOL at $26-$28.”
At the time of writing, SOL is trading at $31.70.
Next up is the decentralized oracle network Chainlink, which Van de Poppe says is finally doing very well after months of consolidation.
“Break out of multi-month range and continues to show strength. I won’t be surprised if we move towards $12.50-13.00.
If we get a deeper correction, we will buy it at $9.60-10.00 before moving on.”
At the time of writing, LINK is trading at $10.89.
Another altcoin on the trader’s radar is the layer-2 scaling solution Arbitrum (ARB). Van de Poppe says he expects more rallies for ARB, but a superficial pullback is in prospect.
“I expect a bullish continuation at this point.
Preferably, entries around $0.85-0.88 are required before advancing to $1.11.
A renewed test of resistance at $0.98 is likely to result in a break to the upside.”
At the time of writing, ARB is trading at $0.913.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on Tweet, Facebook And Telegram
Surf to the Daily Hodl mix
Featured image: Shutterstock/Eky Rima Nurya Ganda