Analyst Says One Ethereum Rival Showing Strength, Predicts Double-Digit Gains for Polygon and Chainlink
Widely followed cryptocurrency analyst and trader Michaël van de Poppe is expressing bullish sentiment for an Ethereum (ETH) rival and two popular altcoins.
Van de Poppe tells his 630,200 Twitter followers that the smart contract-enabled blockchain BNB Chain (BNB) is showing “strength” and could rally up to $325, a gain of about 14% from current levels.
“This one shows strength and, indeed, held the level at $265 for support.
Now flipping $285 for support and we’ll be good to go.
Expecting continuation towards $325.”
BNB is trading at $282 at time of writing.
Turning to Polygon (MATIC), the widely followed crypto analyst and trader says that he expects the Ethereum scaling solution to climb by about 18% from the current price.
“Expecting continuation towards $1.”
MATIC is trading at $0.85 at time of writing.
Next up is the decentralized blockchain oracle network, Chainlink (LINK). Van de Poppe says that the 25th-largest crypto asset by market cap is to rally by about 17% from the prevailing price.
“Following the path. Still expecting continuation towards $9.”
LINK is trading at $7.66 at time of writing.
Turning to Ethereum, Van de Poppe says that the second-largest crypto asset by market cap recently turned a resistance level into support and is now on the verge of resuming an upward trend that could see it rise by about 18% from the present price.
“This one looks like a continuation is around the corner.
Assuming that it breaks $1,380, the next target is $1,600 for this one.”
ETH is trading at $1,356 at time of writing.
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