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Legendary Analyst Expects a Bull Run in Those 3 Altcoins!

Michaël van de Poppe, a widely followed cryptocurrency strategist, says he expects rallies for three altcoins

Legendary Analyst Expects a Bull Run in Those 3 Altcoins!

Michaël van de Poppe, a widely followed cryptocurrency strategist, says he expects rallies for three altcoins, including decentralized oracle platform Chainlink (LINK) and metaverse project Decentraland ( MANA ). Here are the details…

Michael van de Poppe expects bullish for popular altcoin projects

Renowned analyst Van de Poppe told his 604,200 Twitter followers that Chainlink is poised for a potential jump after losing 86 percent of its value from its all-time high of $53. “LINK is still experiencing a major correction since its all-time high in 2021,” said the analyst, suggesting that an upside break will also be observed. According to the analyst, who stated that $ 7.5 must be broken for the rise, if this level is broken, $ 9 and $ 10 can be seen, respectively.

Another altcoin that Michael van de Poppe analyzed was MANA, the token of the popular metaverse . Van de Poppe says this altcoin needs to break the initial resistance at $1.12 to trigger an exit rally. “It is facing lower time frame resistance around $1.12. If this breaks down and we reverse the trend (as the scenario shows), a long trigger towards $1.40 will be activated.” The analyst points to $0.99 and $1.04 for support in Decentraland.

What are the prospects for RUNE?

The last cryptocurrency on the investor’s radar has been THORChain (RUNE), a Blockchain platform designed to facilitate the secure and inexpensive transfer of assets between different Blockchains . According to Van de Poppe, RUNE must stay above the $2.90 support to have any chance of rising to $3.28. The analyst uses the following statements:

RUNE IS SHOWING SOME MOMENTUM HERE, LIKE EVERYTHING ELSE. BTCPARITY IS FALLING AND I THINK THE DECLINE WILL CONTINUE A LITTLE LONGER (DOMINANCE IS INCREASING). HOWEVER, USD CAN BE TRADED. I WOULD LIKE TO SEE IT HOLD NEAR $2.90 TO PREVENT FURTHER DECLINES.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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