Michael van de Poppe, one of the famous cryptocurrency analysts, gave his latest comments for popular altcoin projects. Michael van de Poppe cites the next for Chainlink (LINK) and Avalanche (AVAX). Here are the details…
Michael van de Poppe points to Chainlink to save
cryptocoin.com As we reported, one of the popular analysts, Michael van de Poppe, shared his latest comments for various altcoins the other day. The analyst drew particular attention to LINK and AVAX. Michael van de Poppe used the following statements for Chainlink:
Chainlink is approaching $8. There seems to be heavy accumulation in BTC and USD pairs. I still believe this is life’s opportunity. One of the assets to save for the next bull run. When it’s up to 85 percent below its previous ATH (an all-time high).
#Chainlink approaches $8.
It looks a lot like accumulation on the $BTC and $USD pairs and I still believe that it's an opportunity of a lifetime.
One of the assets to accumulate for the next bull, while it's down 85% from the previous ATH. 🔥
— Michaël van de Poppe (@CryptoMichNL) August 6, 2022
At the time of writing, Chainlink is changing hands at $7.73, down 2.93%. The cryptocurrency went up to $ 8.06 during the day. LINK recorded its last ATH a little over a year ago. LINK broke the record with $52.88 on May 10, 2021. It has since dropped as much as 85.3 percent. Founded in 2017, Chainlink is a Blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods. Provides critical off-chain information.
The analyst also included the popular altcoin AVAX in his tweet
On the other hand, Van de Poppe talked about Avalanche (AVAX). While explaining the targets for AVAX, Michael van de Poppe stated which levels the altcoin should break and hold. “Avalanche looks ready to continue here,” said Van de Poppe, pointing to the following items:
- AVAX is attacking the highs of $26 for the third time.
- Breaking this resistance could accelerate it to all previous highs.
- There is the 50-day moving average (MA) as support.
Goals:
- 36 dollars
- 42 dollars
#Avalanche looks ready for continuation here:
▫️ Attacking the highs at $26 for the third time.
▫️ Breaking that resistance activates acceleration with all previous highs (shorts getting stopped).
▫️ 50-Day MA holding as support.Targets:
▫️ $36
▫️ $42 pic.twitter.com/b6fgpF0MQS— Michaël van de Poppe (@CryptoMichNL) August 6, 2022
