Popular crypto analyst Michaël van de Poppe recently shared his thoughts on several altcoins via Twitter. Let’s take a look at his quick analyses on Arbitrum ($ARB), Chainlink ($LINK), Cosmos ($ATOM), and Sui ($SUI).
On $ARB, van de Poppe noted that corrections are to be expected even for strong projects. He sees the current $1.40-1.85 zone as a good area to get positioned before a potential move up to $3. At press time, $ARB is trading around $1.72.
For $LINK, van de Poppe believes further upside is likely coming. He highlights the token’s bullish technical setup, with higher highs and lows plus a key higher timeframe support hold. His target in the coming months is $25-30. $LINK is now trading around $15.
As for $ATOM, van de Poppe points out it has lagged behind competitors like Polkadot recently. However, holding the crucial $7.50-9.00 area could spur a breakout to $22-26, in his view. $ATOM currently trades around $9.3.
Finally, $SUI is also seeing a healthy correction per van de Poppe, which sets up good entry zones before its uptrend resumes.
He simply advises to “buy the dips” on this one. $SUI is now priced around $1.07.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +So van de Poppe spotlights these altcoins as strong buys at current levels ahead of their next leg higher. His analysis aligns with bullish technical setups and key support holds for each project. Traders may want to keep an eye on them.
You may also be interested in:
- These Are the Two Possibilities for BTC Price With the Current Bitcoin Cycle
- Why Ripple’s Recovery Will Be Faster Than Anticipated, XRP Expected to Rise to This Price Level
- Why investors from Polygon (MATIC) and Tron (TRX) are buying into the new Pushd (PUSHD) presale
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
