Prominent crypto analyst and strategist Michaël van de Poppe has highlighted the possibility of a significant surge in the decentralized oracle network Chainlink (LINK) in the near future. In a post shared on the social media platform X, van de Poppe suggests that if Chainlink can break through critical resistance levels, it has the potential for substantial upward movement. With LINK currently trading at $10.96, it is expected to show an upward trend in the short term.
Van de Poppe presents a positive scenario for Chainlink, noting that it may enter a bullish trend within the next one to two weeks. He predicts that the initial step of this trend will involve testing the $13 level, followed by a movement towards the $18 mark.
The analyst also expresses optimism for Ethereum (ETH), expecting it to break its current resistance level and reach $3,300. Currently trading at $2,479, van de Poppe emphasizes that ETH could gain upward momentum due to macroeconomic developments. However, he also acknowledges the possibility of a retest of the $2,000 level.
Another altcoin that van de Poppe is keeping an eye on is Optimism (OP), an Ethereum layer-2 solution. He believes that OP could enter a strong upward trend if it breaks through a critical resistance level. With its current price around $1.56, he suggests that the “fun could begin” once it surpasses the $1.75 level.
In addition to Ethereum-based altcoins, van de Poppe also highlights the performance of other altcoins. He emphasizes that these developments are significant for investors seeking to capitalize on market opportunities. However, he cautions investors to exercise caution due to the high volatility of the market.
In conclusion, van de Poppe’s analyses indicate a potential upward trend in Ethereum-based altcoins. Crypto investors should monitor these signals for future market movements.
