Which altcoins are poised for growth. Top 3 coins from analyst Michaël van de Poppe
The expert believes that Chainlink (LINK), Ethereum (ETH), and Polkadot (DOT) will soon move into a growth phase
23.07.2022 - 09:45
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3 min
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What’s new? Crypto analyst and trader Michaël van de Poppe called 3 altcoins that could rise in value in the near future. He attributed Chainlink (LINK), Ethereum (ETH), and Polkadot (DOT) to promising coins.
Analyst about LINK. According to the expert, the token of the Chainlink decentralized oracle network could rebound from the current price to $9,5-10. As of July 23, 09:55 UTC, the asset is trading at $6,89, having lost 4,61% in 24 hours, according to Binance.
#Chainlink looks ready for $9.50-10.00, and there's not much you can do about that.Trigger if flip happens. pic.twitter.com/FbsR0jvqoG— Michaël van de Poppe (@CryptoMichNL) July 22, 2022
Analyst about ETH. Van de Poppe says that it is currently possible to open short positions, although he sees prospects of the upcoming network’s upgrade Merge. According to the expert, the most important support area for ETH is $1570, if the asset holds, an upward movement continuation is possible. ETH is trading at $1559, having lost 4,34% in value per day.
Technically speaking, would be a short entry on $ETH here.On the other hand, lots of strength with the merge coming up, so I'd rather want to short with more conviction and confirmations. Crucial area to hold for $ETH is $1,570, if that's possible, upwards continuation. pic.twitter.com/TOFod1QoF2— Michaël van de Poppe (@CryptoMichNL) July 22, 2022
Analyst about DOT. Analyzing the price chart, the expert noted that the token of the Polkadot blockchain has a lot of upside potential. DOT is trading at $7,33, having lost 6% in value per day.
Something to look at on $DOT. pic.twitter.com/X182DkDggk— Michaël van de Poppe (@CryptoMichNL) July 22, 2022
Regarding the possible rise in bitcoin’s price, the analyst added that if the asset breaks through the $23 800 level, it could rise to $28 000. BTC is trading at $22 681, down by 3,36% in 24 hours.
#Bitcoin facing crucial resistance again.If that breaks at $23.8K, I'm assuming we'll continue and then $28K is on the tables, but we also have a clear breakout above the 200-Week MA confirmed.Full analysis:https://t.co/fAtSJInn3g pic.twitter.com/3XR1TrjBDt— Michaël van de Poppe (@CryptoMichNL) July 22, 2022
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