One widely followed analyst is predicting bullish bursts for Ethereum (ETH) and Chainlink (LINK), while keeping his radar locked on Polygon (MATIC) and Optimism (OP).
Crypto Strategist Michaël van de Poppe account its 649,700 Twitter followers that Ethereum is starting to show signs of strength after managing to break above the $1,600 support.
“Ethereum showed that the $1,600 level was strong enough for a bounce, but the first level was rejected immediately.
I think we will continue the uptrend, but the final question is whether we can get another entry into this long trade.”
At the time of writing, ETH is worth $1,602.
Looking at the Chainlink decentralized oracular network, Van de Poppe thinks LINK could witness prolonged rallies.
“Chainlink looks decent to continue toward $10.”
At the time of writing, LINK is trading at $7.40, suggesting more than 35% upside potential should it hit the trader’s target.
Next up is the Polygon blockchain scaling solution, which Van de Poppe plans to stack up for around $1.25.
“Still, patiently, waiting for a long time MATIC at the lower limits of markets”.
At the time of writing, MATIC is trading at $1.27.
The last coin on the trader’s list is Ethereum Optimism’s Tier 2 Scaling Solution. According to Van de Poppe, the OP looks set to record a new all-time high (ATH).
“This one is looking forward to a breakout above the ATH.
I would like to see this area around $2.80 for support not lower than $2.65.
If that’s the case, markets are corrected and we’ll run to $3.50+ for OP.”
At the time of this writing, OP is worth $2.88.
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