Despite gaining 10% since last week, Bitcoin is still 70% off ATH price. However, some experts interpret the movements of the last three weeks positively for the third quarter. Michaël van de Poppe, meanwhile, shared 3 altcoin projects that he thinks will rally today.
Analyst says LINK, ETH and a small-cap altcoin project are ready to rally
Popular crypto analyst Michal van de Poppe has updated his price predictions for 3 altcoin projects, including Ethereum. The analyst tells his followers that the oracle network Chainlink (LINK) is currently trading at an affordable price. In a series of tweets during the day, Poppe said:
Chainlink at $6-8 is still the opportunity of a lifetime.
In today's Trade Letter we made technical analysis on 4 altcoins to watch: $BNB, $MATIC, $AVAX and $LINK.
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Click here: https://t.co/vFGtBhOSqb pic.twitter.com/XRO8DB657y— Michaël van de Poppe (@CryptoMichNL) July 8, 2022
In late May, Van de Poppe suggested that LINK price could emerge from its permanent decline if it hits the $7.50 resistance level. Chainlink is currently trading at $6.38. It has gained about 6% since last week. On June 9, it rallied as high as $9.46 before falling below $5.50 just four days later. LINK is now preparing to retest this resistance.
According to the successful analyst, Ethereum targets $1,400
Van de Poppe is optimistic about Ethereum, the market’s largest smart contract platform. Because ETH regained $1,000 on June 19 and has been holding the level ever since. Van de Poppe predicts that the price of the leading altcoin will rise to $ 1,400. In his current analysis, he explained his predictions as follows:
Ethereum seems prepared for this run. With a good daily recovery, I expect a bounce in the $1,080 range. I foresee $1400 potentially at higher levels.
Here is the technical chart that Poppe shared for these predictions:
Ethereum is trading at $1,229.31 at the time of writing. Together with Bitcoin, they have gained double digits since last week. Ethereum has also recently completed an important testing phase for the merge.
Analyst takes a final look at Phantom
Michaël van de Poppe previously said that FTM price should turn the “significant” $0.26 level to support. The analyst now identifies two resistances for FTM after crossing the $0.26 threshold of their next target. According to Poppe, the next targets for FTM price will be $0.29 and $0.31. Analyst says of Phantom:
FTM beat resistance. The region will change, which shows $0.29 and possibly $0.31.
cryptocoin.com As you follow, not all analysts agree with Michaël van de Poppe. In his latest analysis, “Capo” shared that he expects a drop in Bitcoin, XRP and BNB.
