Bitcoin is trading below $30,000 again. After briefly reaching $32,000 in late May, the bulls’ attacks were not enough. As the cryptocurrency market regains downward momentum, legendary crypto analyst Michael van de Poppe highlights four major altcoin projects.
Michaal van de Poppe: LINK, ETH and these 2 altcoins give bullish signals
In his latest analysis, Van de Poppe has 606,600 Twitter followers, Avalanche (AVAX ) reported daily that the chart is showing bullish signals. According to the crypto expert, AVAX could surge more than 60% from current levels. The analyst shares the following technical chart and says:
There is a potential bullish divergence on the daily AVAX which could result in a rise towards the $40 range in the current market. Overall, we believe we are entering a period of accumulation with many support zones below us.
Avalanche (AVAX), the 15th largest cryptocurrency by market value, is trading at $22.75 at the time of writing. It has lost 5.27% in value in the last 24 hours. November 2021 ATH price trades at $146.22 at a discount of 84.33%
At what levels can investors buy LINK?
Chainlink (LINK) is an oracle network project where smart contracts provide off-chain data. Van de Poppe believes Chainlink will keep going up, but says if the price falls, investors have another chance:
All has been good for LINK so far. It seems to me that we are approaching 9 or 10 dollars here. Of course, buying LINK for $6 is still a once-in-a-lifetime opportunity.
Chainlink (LINK) is the 27th largest cryptocurrency by market cap. At the time of writing, it is trading at $6.80 with a market cap of $3 billion.
As the altcoin market collapsed, notable altcoin Cardano
Cardano (ADA) and decentralized finance network Curve DAO (CRV) are the latest altcoin projects of interest the analyst’s radar. Van de Poppe says CRV could fall over 10% from current levels and approach $1.09 if not break a critical resistance level:
After CRV rejects at $1.45, I look here after a retest.
At the time of writing, Curve is trading at $1.18. Finally, looking at Cardano, Poppe says that ideal entry points for ADA are between $0.51 and $0.55:
ADA has resistance around $0.67, so $0.51 for a reaction, strictly rejected.
Cardano was trading at $0.5554 at the time of writing. As analyzed by Kriptokoin.com , the improvements to be provided by Vasil Hard Fork have been effective in the rise of ADA.