Prominent cryptocurrency analyst and strategist Michaël van de Poppe has highlighted the possibility of a significant surge in the decentralized oracle network Chainlink (LINK) in the near future. In a post on the social media platform X, van de Poppe suggests that if Chainlink can break through key resistance levels, it could experience a substantial upward movement. Currently trading at $10.96, LINK is expected to show a positive trend in the short term.
Van de Poppe presents a positive scenario for Chainlink, stating that it may enter a bullish trend within the next one to two weeks. This trend would begin with a test of the $13 level, followed by a potential movement towards the $18 mark.
The analyst also expresses optimism for Ethereum (ETH), predicting that if it can break its current resistance level, it could reach $3,300. With the current price at $2,479, van de Poppe emphasizes that ETH could gain upward momentum due to macroeconomic developments. However, he notes that there is also a possibility of retesting the $2,000 level.
Van de Poppe also draws attention to Optimism (OP), an Ethereum layer-2 solution, as another altcoin with potential for upward movement. If OP can surpass a critical resistance level, currently priced around $1.56, the analyst suggests that the “fun could begin” and it could enter a strong upward trend once it surpasses $1.75.
In addition to ETH and OP, van de Poppe highlights the performance of other altcoins and notes that these developments present opportunities for investors. However, he advises caution due to the high volatility of the market.
In conclusion, van de Poppe’s analysis indicates a potential upward trend in Ethereum-based altcoins. Investors are advised to monitor these signals for future market movements.