A widely followed crypto trader is predicting bullish continuations for a handful of altcoins, including XRP, Chainlink (LINK), and Polygon (MATIC).
Analyst Michaël van de Poppe tells his 660,300 Twitter followers that cross-border payment solution XRP is likely to see a deeper pullback around $0.65 before regaining its bullish momentum.
According to Van de Poppe, the post-dip rally could send XRP to $0.90.
“Megamovement. For scalps, I would be interested in the $0.65-0.69 range on this one. If that sweep happens, we’ll probably have another lead after that.
At the time of writing, XRP is worth $0.72.
The next step is the decentralized oracle network Chainlink. Van de Poppe predicts a massive increase in LINK’s value after the altcoin recovers support at $6.
“So far, so good for Chainlink.
Must stay above $6.
Looking at the trader’s chart, he seems to be predicting that LINK could rise to $16. At the time of writing, LINK is trading at $6.92.
The latest altcoin on the analyst’s radar is the blockchain scaling solution Polygon. According to Van de Poppe, MATIC could fall as low as $0.75 before starting its next leg up.
“Two areas of interest in this. Aggressive approach, I would be interested in $0.79-$0.80. Conservative approach, I would be interested in $0.75. Probably not done with this upward momentum.”
At the time of writing, MATIC is worth $0.798.
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Featured image: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong