Analyst Bullish on Chainlink (LINK), Says Ethereum (ETH) and One Small-Cap Altcoin Could Be Ready for Rallies
Popular crypto analyst Michaël van de Poppe is updating his price targets for a trio of altcoins, including Ethereum (ETH).
Van de Poppe tells his 614,600 Twitter followers that oracle network Chainlink (LINK) is currently at an opportune price.
“Chainlink at $6-8 is still an opportunity of a lifetime.”
Van de Poppe predicted in late May that LINK could break out from its lingering slump if it surpassed the $7.50 resistance level. At time of writing, Chainlink is trading for $6.33.
LINK had surged to as high as $9.46 on June 9th before tumbling below $5.50 just four days later.
Moving on to leading smart contract platform Ethereum, Van de Poppe says he’s optimistic as ETH recaptured the $1,000 level back on June 19th and has held the line ever since. Van de Poppe says he could see the top altcoin rally to $1,400.
“Ethereum looks ready for this run.
Good bounce on the area of $1,080 and good recovery of the daily.
Expecting the highs to be tested and then possible $1,400.”
Ethereum is up 4.3% over the past 24 hours and is changing hands at $1,182 at time of writing.
Last on Van de Poppe’s watch list is ETH challenger Fantom (FTM), which he previously said needed to flip the “crucial” $0.26 level.
Now the analyst says that after breaking through the $0.26 barrier, his next targets for FTM are $0.29 and $0.31.
“FTM broke through resistance.
Flip of the area means $0.29 and possibly $0.31 next.”
Fantom is currently up by 2.11% on the day, trading for $0.263.
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The post Analyst Bullish on Chainlink (LINK), Says Ethereum (ETH) and One Small-Cap Altcoin Could Be Ready for Rallies appeared first on The Daily Hodl.
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