Popular crypto strategist Michaël van de Poppe predicts bullish continuations for a handful of altcoins, including Avalanche (AVAX), Polygon (MATIC), and Chainlink (LINK).
Van de Poppe tells his 649,000 Twitter followers that he believes the Avalanche smart contract platform is still trending higher, despite its recent pullback.
“Difficult graph, it is between levels, the trend continues to rise. Big bounce from $18 and look for continuation. I’d be interested in between $18-19, with a target of $25 or more.”
At the time of writing, AVAX is trading at $20.82, up almost 6% on the day.
The next step is the Polygon blockchain scaling solution. According to Van de Poppe, he sees a possible MATIC drop to around the $1.25 price level ahead of the next leg. However, he also says that MATIC could continue to muster their immediate resistance.
“A slight correction occurred, continuation towards the next resistance around $1.65. If there is a drop towards $1.25-1.35, then I assume that we will be buying to continue the rally. The trend is simple.
At the time of writing, MATIC is worth $1.48, down more than 1% in the last 24 hours.
Another altcoin on analysts’ radar is the Chainlink decentralized Oracle network. Van de Poppe says that LINK currently presents the “opportunity of a lifetime.”
“Slightly breaking down, if we get a retest around $7.80, I’d be happy to be long, resistance around $8.50-9.00, before continuing towards $15-20.”
At the time of writing, LINK is trading at $7.99, a fractional increase on the day.
Van de Poppe also has his eye on the Fantom smart contract protocol (FTM), which he believes will probably correct a bit more before resuming its uptrend.
“It gave a substantial correction towards $0.42. Massive 40% rebound from there. Looking at a case of $0.48 as a potential entry, it may have already reached $0.52. An upward continuation seems likely.”
At the time of writing, FTM is worth $0.52, a slight decline over the past day.
The last altcoin on the list of traders is the native asset of the decentralized exchange GMX (GMX). Van de Poppe believes that GMX is likely to pull back as well before its trend continues.
“Two interest levels: $72 and $67.50. If we get there, we can simply continue to buy on the dip until the trend turns. The next target might be $100 then.”
At the time of writing, GMX is trading at $78.79, up 2% on the day.
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