Trader Predicts Imminent Surge for Altcoin Based on Ethereum in the Coming Fortnight Revises Prediction for ETH and OP
A crypto strategist with a large following is optimistic about the future of Chainlink (LINK), an Ethereum-based decentralized oracle. Michaël van de Poppe, an analyst with hundreds of thousands of followers on X social media platform, believes that LINK is poised for a significant market reversal. He predicts that if the altcoin experiences another upward movement, its immediate resistance will crumble. Van de Poppe expects LINK to break out within the next one to two weeks, with a potential trigger at $13 and a target of $18. At the time of writing, LINK is trading at $10.96.
In addition to his analysis of LINK, Van de Poppe also shares his insights on Ethereum. He suggests that if ETH can overcome a crucial resistance level, it has the potential to rally above $3,300. Van de Poppe points out that ETH has already bounced upwards, and with the macroeconomic weeks ahead, it remains to be seen whether there will be upward momentum or a retest at $2,000. He identifies $2,750 as the breakout point. Currently, Ethereum is valued at $2,479.
Van de Poppe’s attention also turns to Optimism (OP), the native asset of the layer-2 solution. He believes that OP is on the verge of a significant surge if it can breach a key resistance level. Van de Poppe expects the coming week to be the time when the Ethereum ecosystem comes alive, and he notes that OP is performing well, albeit consolidating. He sets the party time threshold for OP at $1.75. At present, OP is trading at $1.56.
It’s important to note that the opinions expressed by Van de Poppe are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where Van de Poppe’s insights are shared, does not endorse or recommend specific investments. Any losses incurred are the sole responsibility of the individual investor.