Which altcoins to rise in price soon. Analyst’s prediction

Michaël van de Poppe spoke about three tokens that can yield more than 60%

03.06.2022 - 09:40

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2 min

What’s new? Cryptocurrency analyst Michaël van de Poppe has shared his predictions about the price movements of four altcoins on his Twitter. He notes the fluctuation in the crypto market and covers in detail Avalanche (AVAX), Chainlink (LINK), and Cardano (ADA).

Request 02 - $AVAXPotential bullish divergence here on the daily, through which continuation towards $40 area is possible with the current market. However, overall assuming we'll go into an accumulation phase with multiple support zones beneath us. pic.twitter.com/2b9rWLKEY2— Michaël van de Poppe (@CryptoMichNL) June 1, 2022

Avalanche. The analyst says that the token of the Avalanche (AVAX) decentralized platform shows signs of bullish divergence on the daily chart. In his view, the altcoin rate could rise by more than 60% from the current level. As of June 3, 09:10 UTC, AVAX is trading at $23,92, according to Binance.

A bullish divergence is a situation in which a new dip forms on the price chart of an asset, while no update occurs on the indicator chart. It may indicate a change in trend from bearish to bullish.

Chainlink. Van de Poppe believes that the altcoin of the decentralized oracle network Chainlink (LINK) is likely to continue its upward trend. For investors, the $6 price “ is still an once-in-a-lifetime opportunity to buy LINK,” the analyst added. As of 09:10 UTC, LINK is trading at $6,89.

Cardano. Van de Poppe said that the potential opportunities to enter the market of the Cardano (ADA) blockchain’s cryptocurrency lie between $0,51 and $0,55. According to the analyst, the altcoin can be expected to bounce to $0,67. ADA is trading at $0,57 as of 09:10 UTC.

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