Cardano, Chainlink and Two Additional Altcoins in Strong Uptrends With More Rallies in Sight: Top Analyst
A top crypto strategist is predicting sustained uptrends for a handful of altcoins including Cardano (ADA) and Chainlink (LINK).
Michaël van de Poppe tells his 621,500 Twitter followers that smart contract platform Cardano appears to be gearing up for a fresh rally to the upside.
“Looking for continuation as it has been testing the resistance zone many times. Breaking $0.55 would trigger continuation towards $0.67 and that flip would grant a trigger for long entries as well.”
At time of writing, ADA is swapping hands for $0.50, down 4.65% on the day.
Next up is decentralized oracle network Chainlink. Van de Poppe says he sees LINK correcting to around $8 before it could ignite a new leg up.
“This one is trending upwards.
Looking like a flip of $8 can grant continuation towards $12-$12.50.
Still an opportunity of a lifetime with current prices. Medium target could be $13.50-15.00. Must-hold range is $7.50-$8.00.”
At time of writing, LINK is trading at $8.46, a nearly 4% decrease on the day.
Another altcoin on the trader’s radar is smart contract protocol Fantom (FTM). According to Van de Poppe, FTM could explode as long as it stays above a crucial support level.
“Looking strong and trending upwards. I’m still in my longs and have been trading in between… Expecting continuation towards $0.45 and $0.50 if $0.34 holds.”
At time of writing, FTM is changing hands for $0.36, down over 5% in the past 24 hours.
The last coin is Quant (QNT), a protocol that aims to enable multiple blockchains to interact seamlessly. Van de Poppe says QNT is in a strong uptrend and he’s waiting for a dip to $110.
“Showing strength, and that’s good… $140 area is resistance. $110 [is] area [for] potential long entries.”
At time of writing, QNT is valued at $122.74, down 2.74% in the last day.
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The post Cardano, Chainlink and Two Additional Altcoins in Strong Uptrends With More Rallies in Sight: Top Analyst appeared first on The Daily Hodl.
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