Crypto Trader Van de Poppe Sees Upside Potential in Arbitrum, Injective Protocol, and Chainlink
Popular crypto analyst Michaël van de Poppe, who has over 670k followers on X, recently looked at the charts of several cryptocurrencies and shared his thoughts on where they may be headed next.
On ARB, van de Poppe noted that while the coin didn’t hit the exact target levels he outlined previously, the overall theory remained intact. ARB saw a correction and retest, and now looks poised to seek new highs around $1.36. ARB is currently trading around $1.08, down 5% over the last 24 hours.
For INJ, van de Poppe sees a lot of strength and says the $15.30-15.75 zone is key support to hold. If INJ can stay above this area on any potential retest, he thinks a move to $22 is very possible if it breaks the recent highs. INJ is trading around $16, down 6% in the last day.
Van de Poppe also looked at Chainlink, noting massive strength both in LINK and the overall markets. He’s unsure if LINK will drop back down to test $12.50-13.20, but if it does, he’s interested in buying the dip ahead of a move to $20. LINK is currently changing hands around $13.9, falling 8% over the past 24 hours.
Finally, van de Poppe highlighted TAO as one of the top recent gainers and a promising project for the current cycle in his view. He suggests an aggressive long entry around $158, or a more defensive entry between $135-145. His first target for TAO is $210-220. TAO is trading about $160, with a small 2% drop over the past day.
Overall, experienced crypto trader Michaël van de Poppe remains bullish on the crypto markets and sees opportunities in several altcoins right now. Despite recent price drops across the crypto space, van de Poppe believes coins like ARB, INJ, LINK, and TAO still have room to run.
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