After an upward move, the cryptocurrency market retreated before the Fed interest rate decision. However, the market is in consolidation mode rather than hard sales. A crypto analyst with a wide following predicts that the rise will continue for 6 altcoins.
The analyst’s target for SOL is $140
cryptokoin.comAs you can see from , the bulls are having a hard time continuing the run they started. Uncertainty surrounding the market and lack of catalysts are keeping investors on the sidelines. In this environment, popular analyst Michaël van de Poppe shared his new market predictions. Analyst says smart contract platform Solana is poised for an upward move. According to the analyst, Solana’s consolidation period ended after SOL bounced from its recent lows around $79. In this context, the analyst said, “It looks like we will probably continue towards $140.” says.
Meanwhile, at the time of writing, SOL was trading at $99.5, down 4.75% on a daily basis. However, the altcoin increased by 14.5% on its weekly chart.
Michaël Van de Poppe expects a strong run for these 2 altcoins
The analyst then looks at LINK, the native asset of decentralized oracle Chainlink. LINK is also ripe for an upward breakout, says Michaël Van de Poppe. In this regard, the analyst said, “This altcoin is ready for $ 25 as it maintains critical levels.” says.
Meanwhile, at the time of writing, LINK was trading at $15.7, up 4.1% in the last 24 hours. The token also gained 10.7% on its weekly chart.
The next token on the analyst’s radar is Blockchain scaling solution Polygon (MATIC). According to Van de Poppe, it is possible for MATIC to rise up to 85% from current levels. The analyst said, “Higher timeframe support levels are holding and liquidity has been received. Although MATIC has also underperformed, I expect another upward push. “Probably the next run will be in the $1.25-1.50 region.” says.
Meanwhile, at the time of writing, MATIC was trading at $0.806, up 0.45% on a daily basis. However, the altcoin saw a 10.3% increase on its weekly chart.
According to the analyst, there is 100% potential in ARB and DOT!
The analyst also has Ethereum scaling solution Arbitrum (ARB) on his radar. Van de Poppe says ARB is poised for a big rally after holding the $1.60 level as support. In this context, the analyst said, “If it returns to the $1.40-1.60 region, this would definitely be an entry. But I think we will continue with Layer-2s. “This will probably rise to 3-4 dollars.” says.
Meanwhile, during the summer, ARB was changing hands at $1.80, down 3.7% on a daily basis. However, the altcoin gained approximately 6% on its weekly chart.
Another coin on the analyst’s list is the native token of the interoperable Blockchain Polkadot (DOT). Van de Poppe believes DOT could spark a rally of more than 100% after its recent pullback. In this regard, the analyst says the following:
A great weekly candle across the board, including DOT. We had a 30-40% correction in the bull market, which were huge opportunities. I think we are ready for the next bullish move, maybe $15 is coming for Polkadot!
Meanwhile, at the time of writing, DOT was trading at $6.74, down 3.2% on a daily basis. The altcoin increased by 4% on its weekly chart.
If these areas hold, $0.85 is possible for the altcoin!
Finally, Michaël van de Poppe discusses BRN Metaverse, which aims to connect the metaverse with the real world using technology and a token-based ecosystem. The analyst points to the following levels for BRN:
BRN has made a big move upwards but is experiencing a correction. I’m interested in looking for potential dip opportunities as they will be launching a beta version of the GameFi game soon and are burning through their supply. If these areas hold, $0.85 looks likely.
Meanwhile, at the time of writing, BRN was down 6% on a daily basis, falling to $0.45. Additionally, the altcoin saw a nearly 20% decline on its weekly chart.
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