A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins including Solana (SOL), Chainlink (LINK) and Polygon (MATIC).
Analyst Michaël van de Poppe tells his 692,000 followers on the social media platform X that the native asset of the smart contract platform Solana looks primed for a move to the upside.
According to the analyst, Solana’s consolidation period appears to have ended after SOL bounced from its recent low of around $79.
“Looks likely we’ll be continuing towards $140.”
At time of writing, SOL is worth $103, up over 6% in the past day.
Looking at the native asset of the decentralized oracle Chainlink, Van de Poppe also thinks LINK is ripe for a burst to the upside.
“This one is ready for $25 as it has been holding crucial levels.”
At time of writing, LINK is worth $14.98, up over 2% in the last 24 hours.
Next up is the native asset of the blockchain scaling solution Polygon. According to Van de Poppe, MATIC could rise by as much as 85% from current levels.
“Higher timeframe support levels have been holding and liquidity has been taken.
I’m expecting another upward push, although MATIC has also been underperforming.
Next rally could be to the $1.25-1.50 region.”
At time of writing, MATIC is trading at $0.817.
The analyst also has his radar locked on the Ethereum (ETH) scaling solution Arbitrum (ARB). Van de Poppe says ARB looks poised for a big surge after holding the $1.60 level as support.
“If it gets back in the $1.40-1.60 area, it’s obviously an entry, but I think we’ll continue with the Layer 2s. Probably this one can surge to $3-$4.”
At time of writing, ARB is worth $1.85.
The last coin on the trader’s list is the native asset of the interoperable blockchain Polkadot (DOT). Van de Poppe believes that DOT could ignite a more than 100% rally after its recent pullback.
“Great weekly candle across the board, including DOT. Had a 30-40% correction, which are massive opportunities within a bull market. I think we’re ready for the next upward impulse move, perhaps $15 for Polkadot.”
At time of writing, DOT is worth $7.
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The post Analyst Predicts Rallies for Solana, Chainlink, Polygon and Two Additional Altcoins – Here Are His Targets appeared first on The Daily Hodl.