Here’s what’s in store for Chainlink, NEAR, and three other altcoins, according to analyst Michaël van de Poppe – The Daily Hodl
Popular crypto strategist Michaël van de Poppe predicts what’s to come for decentralized oracle network Chainlink (LINK), Ethereum rival Near (NEAR) and three other altcoins.
Van de Poppe shares with his 580,200 Twitter followers that he is looking at Chainlink vs. Ethereum (LINK/ETH) with the goal of finding a coin that outperforms Ethereum.
“I still think so SHORTCUT is a massive thing to have in your portfolio.”
Source: Van de Poppe/Twitter
Looking at Van de Poppe’s chart, the LINK/ETH pair appears to be stabilizing after trending south for over a year.
Next up is smart contract platform Near, which Van de Poppe says is starting to generate bullish momentum.
“Crucial support to hold and potentially buy dip opportunity: area around $14. Resistance points: $18 and $20 zones.”
Another coin on the dealer list is LOOKS, the native token of the non-fungible token (NFT) marketplace LooksRare. According to Van de Poppe, LOOKS is currently trading in a wide range between $2 and $3.50.
“A clear resistance point is found here around the $3.50 level. A clear support point can be found at $2. In between, based on the daily time frame.”
The trader is also looking at Reserve Rights Token (RSR), a cryptocurrency facilitating the stability of the asset-backed stablecoin known as Reserve Token (RSV). Van de Poppe says he’s monitoring RSR’s price action against Bitcoin (RSR/BTC) which he thinks is at a potential inflection point.
“A very simple diagram at this point.”
According to Van de Poppe’s chart, RSR/BTC needs to flip the resistance at 0.00000005 BTC ($0.023) as support to maintain its bullish momentum. Otherwise, he sees the pair correcting to 0.00000037 BTC, which equals $0.017.
The last coin on the analyst’s radar is Audius (AUDIO), a decentralized sharing and streaming protocol for audio files. Van de Poppe predicts a bullish continuation for AUDIO after clearing the resistance at $1.25.
“This one looks decent. Could even continue towards $2.25. Let’s consider $1.25 for dip purchases on this one.”
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Featured image: Shutterstock/Vink Fan/Natalia Siiatovskaia
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