Widely followed cryptocurrency analyst Michaël van de Poppe said that significant opportunities could soon emerge in Cardano (ADA), Chainlink (LINK) and Near Protocol.
The analyst told his 589,000 Twitter followers that it may need to drop further as Cardano hits a major support level hard. Van de Poppe expects ADA to drop over 18% from current prices before seeing a macro rebound. told.
“ISLAND
Overall, the support level on ADA is currently $0.80.
Honestly, I think we’re going to lose that level and get a drop to the $0.65 region before reversing, in which case liquidity is also provided.”
The analyst, who also examines Chainlink, thinks that the best oracle network in its market is approaching lows that are ideal for long-term LINK bulls. Van de Poppe says another 40% drop is on the charts for Chainlink, and the milestone the bulls need will come with a break of $15.
“LINK
There are two things.
1. This falls under optimal investment areas.
2. The region around $8-9 is probably best. I’m not sure we’ll reach it, but that seems likely.
If he wants $15 back -> it’s party time.”
Van de Poppe also evaluated the developer-focused NEAR Protocol. The analyst charts a possible price trajectory for NEAR where a bounce at $10 occurs and then ignites a bull run.
“NEAR,
This (altcoin) is interesting at around $10.
This level still stands out for a potential installation.”
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.