Michal van de Poppe, a popular cryptocurrency analyst, shared his latest comments on the market. The analyst pointed to some altcoin projects, including LINK, which he thinks will bring big gains in the coming days. He shared the levels to watch in these altcoins. Here are the details…
Michael van de Poppe expects steady growth in BNB and MATIC
According to analyst Michael van de Poppe, who has 630,200 followers on Twitter, BNB Coin (BNB) is showing “intensity.” It could go up to $325, or about 14 percent more than its current price. The analyst says this cryptocurrency is “solid”. It is worth noting that the coin has managed to hold its support around $265. However, the $285 resistance must turn into support for it to continue to rise. Afterwards, the analyst expects steady growth to $325. At the time of writing, BNB is changing hands at $279, down 0.9 percent.
Secondly, Van de Poppe talks about Polygon (MATIC), an Ethereum scaling solution. He says he expects the MATIC price to rise about 18 percent from its current level. The analyst expects a move towards 1 dollar in the coming period. At the time of writing, MATIC is up 0.8 percent, changing hands at $0.82.
Analyst highlighted levels for LINK and ETH
Chainlink (LINK) was another altcoin that the analyst addressed. Van de Poppe predicts a 17 percent price increase for the coin, which ranks twenty-fifth by market cap. Currently, LINK can be purchased for $7.60. The cryptocurrency is trading with a 1.1 percent rise in the last 24 hours.
Request 03 – $LINK
Following the path. Still expecting continuation towards $9. pic.twitter.com/SBgVshoAmu
— Michaël van de Poppe (@CryptoMichNL) October 6, 2022
Finally, speaking about Ethereum, the analyst shared the levels that the largest altcoin should break. Van de Poppe expects the second-largest cryptocurrency by market cap to turn a resistance level into support soon. He thinks that after this, the coin is likely to exhibit an uptrend that could cause it to increase by as much as 18 percent from its current price. After $1,380, the next target for the leading altcoin is at $1,600. At the time of writing, Ethereum is changing hands at $1,325, down 0.2 percent.
What is the latest situation in the market?
Meanwhile, as we have reported as Kriptokoin.com, the cryptocurrency market is pretty flat. Trading volumes were pretty low yesterday, similar to previous weekends. Despite this, Bitcoin took a small hit and dropped to a weekly low. Most altcoins are also slightly red on a daily scale.
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