Michaël van de Poppe, one of the popular Twitter analysts, says that 3 altcoin projects that he follows closely create new installations. Let’s take a look at the analyst’s expectations, keeping in mind that he lacks certainty in his predictions.
Michaël van de Poppe identifies opportunity zones for 3 altcoins
Widely followed crypto analyst Michaël van de Poppe said investors are bullish on Cardano (ADA), Chainlink (LINK) and Near Protocol. He thinks he may see important opportunities soon. The analyst tells his 589,000 Twitter followers that Cardano may need to drop further as it hits a major support level hard. Van de Poppe noted that he expects ADA to drop over 18% from current prices before seeing a macro reversal:
Overall, the support level on ADA is currently $0.80. Honestly, I think we will lose that level and get a drop to the $0.65 region (daily order block) before reverting because then liquidity is also taken.
“Chainlink (LINK) approaches opportunity zone”
Analyst looking at Chainlink said that the market’s most popular oracle network is dense, ideal for long-term LINK bulls. He says it’s approaching discounted levels. Van de Poppe says another 40% drop is on the table for Chainlink and the milestone the bulls need will be a break of $15:
LINK enters optimal investment areas. The region around $8-9 is probably the most affordable. I’m not sure we’re going to hit it, but that seems likely. If he demands $15 back -> it’s party time.
Van de Poppe also takes a look at the developer-focused NEAR Protocol. It charts a possible price trajectory that sees NEAR bounce off $10, find support and then ignite a bull run:
NEAR around $10 is pretty interesting. Still lowered that level for a potential install.
As we reported on cryptokoin.com, the NEAR Protocol Rainbow Bridge was hacked on May 1st. According to Alex Shevchenko, CEO of Aurora Labs, no money was stolen and the attacker even lost some money. Shevchenko adds that additional measures will be taken to ensure that the cost of an attack increases.
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