Renowned analyst Michaël van de Poppe said he predicts rally for Chainlink, Polkadot, Binance Coin and 4 additional altcoins.
Rally prediction for these 7 altcoins
Popular crypto analyst Michaël van de Poppe predicts rally for Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Cosmos (ATOM), Ethereum (ETH), Phantom (FTM) and SKALE (SKL). In a recent YouTube strategy session, Van de Poppe told his 163,000 subscribers that Chainlink’s decentralized oracle network will rebound after its initial drops of up to 20%. We will see a situation where Chainlink drops from $4.50 to $5, and it’s really close, I believe. He then added that he saw a relief rally going towards [about $17] somewhere in 2023. Chainlink is changing hands at $5.62 at the time of writing.
Polkadot could rise as much as 432% from its current $4.51 value. “I think Polkadot will definitely be one of these assets to add to the portfolio, given the fact that Polkadot will rally towards the intermediate levels,” the analyst said. Estimated to be between $16 and $24. Van de Poppe says Cosmos is already recovering and will likely continue to rise. For Cosmos, “I think once it tops out again [at $25.97], we’re going to have some sort of upswing towards this block [to around $35.00] as a relief rally, just like we saw in 2019 and 2020.” made the statement. At the time of writing, Cosmos is changing hands at $10.10.
BNB and SKL
Later, crypto exchange Binance says that the native token has found support at the current price level. Looking at Van de Poppe’s chart, he predicts BNB will rise to $400 by June. The analyst explained that it is now at the support level of $233, making him believe that if Bitcoin isn’t going to drop too much at this point, owning the largest exchange in your portfolio wouldn’t be a bad thing. He also said that BNB is the bigger winner even when the markets are about to reverse. At the time of this writing, BNB is worth $245.71.
The analyst says that SKALE will continue to rise if it breaks an important price level of $0.0250. The analyst made the following statements for the altcoin:
“If it starts to break $0.025, it will eliminate all those highs and start to rally towards [$0,200] pretty quickly, so if you essentially break it down into a small portfolio, it could be 8x to 12x over the course of this year. ” SKALE is changing hands at the time of writing at $0.0211.
ETH and FTM
Van de Poppe said that the deal on Ethereum has been made. He also stated that he did his own small business of $8,000. Then, with the start of this year, he added that he finally focused on trade and explained the good days. As we stated as Kriptokoin.com, Ethereum is instantly traded at $1,252.
“I’m watching some perspectives where it seems reasonable for us to continue the rally,” Poppe pointed to FTM. He said FTM looked great. He stated that his liquidity has been taken and is higher. “Retesting at $0.2060 is an aggressive entry,” he then said. Afterwards, he said the resistance at $0.216 was cleared and pointed to $0.25. FTM is currently traded at $0.21.