Popular strategist Michaël van de Poppe analyzed the four leading altcoins as the crypto market continues to change.
Starting with the native token of decentralized applications blockchain Avalanche, Van de Poppe said AVAX is showing bullish signs on the daily chart. Crypto strategist says AVAX could rise over 60% from current levels predicts.
“AVAX Potential daily bullish divergence where it is possible to continue towards the $40 area in the current market.
But overall, we will enter an accumulation phase with more than one support zone below us.”
Next up is Chainlink (LINK), a decentralized oracle network that allows smart contracts to access off-chain data. Van de Poppe said that Chainlink is likely to continue its uptrend, but if the price drops, investors will get a once-in-a-lifetime opportunity.
“LINK
Everything is fine.
It seems to me that we’re heading towards $9 or $10 from here. And yes, still Buying LINK for $6 is the opportunity of your lifetime.”
The crypto strategist also reviewed other Cardano (ADA) and decentralized finance platform Curve DAO (CRV).
Van de Poppe says the CRV could drop more than 10% from current levels and reach $1.09 after failing to break above a key resistance level.
“We are looking for a retest here after the CRV experienced rejection at $1.45.”
Finally, the crypto analyst and trader said that the potential entry opportunities for Cardano are between $0.51 and $0.55.
“We are looking at around $0.51-0.55 for a potential bounce as ADA is experiencing intense rejection at the $0.67 resistance level.”
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.