Which altcoins are likely to rise in price in the near future. 3 coins from the analyst

What’s new? The rates of cryptocurrencies such as Chainlink (LINK), VeChain (VET), and Verasity (VRA) may rise in the near future. These are the conclusions reached by the analyst Michaël van de Poppe on Twitter. The first asset on his list is the token of the decentralized oracle network for smart contracts Chainlink (LINK).

Request 03 - $LINKNot the most beautiful chart, but this is my scenario at this point.In that case, I'm expecting a continuation towards $12.50 to be happening, before a bearish rejection and some retests, after which the bull starts again. pic.twitter.com/cD4JEWOEUf— Michaël van de Poppe (@CryptoMichNL) May 16, 2022

The analyst expects a reversal and an increase in the LINK price to $12,50 (+65% from current levels) with a further pullback and resumption of growth. As of May 18, 11:50 Moscow time, LINK is trading at $7,47 (according to Binance).

Request 01 - $VETThis one is relatively simple. Lost the support around $0.045 and started falling down towards the high of the previous cycle in 2020.Expecting that to be a massive resistance and some sideways action.Should be relatively done with the bear market. pic.twitter.com/eSkB5rri3G— Michaël van de Poppe (@CryptoMichNL) May 16, 2022

Another coin that can rise is VeChain (VET). It is the native token of the project that combines blockchain technology and the Internet of Things (IoT). Although the altcoin’s price is far from its all-time highs, Van de Poppe believes VET is almost out of its bear market. As of May 18, 11:50 Moscow time, the VET price stands at $0,0316.

Request 02 - $VRAThis one is having a heavy bear market.The ultimate low could be $0.0035, but that's depending on the market structure.Overall, expecting a little more upwards momentum of around 40-60% towards $0.012 for a bearish retest. pic.twitter.com/zVjSTUtUru— Michaël van de Poppe (@CryptoMichNL) May 16, 2022

The third altcoin on the list is Verasity (VRA). It is a token of a next-generation blockchain platform for sharing video content. According to Van de Poppe, VRA has already survived a bear market and is re-testing its lower value levels before a further reversal. The analyst expects the ultimate low at $0,0035 and a price move towards $0,012 (+40% from current levels). As of May 18, 11:50 Moscow time, the VRA price is at $0,00893.

What events happened before? In May, Michaël van de Poppe published predictions for five promising altcoins of the month. The analyst cited Cardano (ADA), Chainlink (LINK), Curve DAO (CRV), SKALE (SKL), and VeChain (VET).

On May 16, crypto analyst Kevin Svenson reported that bitcoin began to show signs signaling the end of a bear market. He suggests that the growth of the weekly volume of BTC sales on the Coinbase exchange may mean a trend reversal for the first cryptocurrency.