- A popular crypto strategist, Ethereum (ETH) competitor Avalanche (AVAX) While he predicts that large-scale rallies will take place for the cryptocurrency market, he also closely follows a major cryptocurrency.
Michaël van de Poppe told his 620,800 Twitter followers that AVAX looks poised for a strong rally after breaking resistance at $26. claims.
“Avalanche (AVAX) looks ready to continue here:
It has hit the tops of the $26 level for the third time.
Breaking this resistance activates acceleration on all previous highs (stopping shorts).
The 50-day moving average is still acting as a support level.
Goals: $36, $42.”
According to data from CoinGecko, AVAX is trading at $27.43 at the time of writing, down more than 4% in the last 24 hours.
Chainlink (LINK)
The next altcoin on Trader’s list is the decentralized oracle network, which Van de Poppe says presents a tremendous opportunity for long-term bulls. Chainlink (LINK).
“Chainlink is approaching $8.
What is happening seems to be very similar to the accumulation in BTC and USD pairs and I continue to believe that this is a once-in-a-lifetime chance.
Even though it’s an 85 percent drop from its all-time high, it’s one of the assets to save for the next bull market.”
According to data from CoinGecko, LINK is trading at $8.68 at the time of writing, up over 2% in the last 24 hours.
As for Bitcoin, Van de Poppe believes that BTC is still in an uptrend, but he also warns that short-term traders pullbacks are possible.
“Short fixes are possible, but the trend is still bullish. Bitcoin (BTC) looks pretty good on higher timeframes.”
At the time of writing, BTC stands at $23,298, a 1.20 percent increase from the previous day.
You can follow the current price action 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.