Bitcoin is trading below $30,000 again. After briefly reaching $32,000 at the end of May, the bulls’ attacks were not enough. With the cryptocurrency market now gaining downward momentum again, legendary crypto analyst Michael van de Poppe highlights four major altcoin projects.
Michaal van de Poppe: LINK, ETH and these 2 altcoins are giving bullish signals
In his current analysis, Van de Poppe informed his 606,600 Twitter followers that Avalanche (AVAX) is showing bullish signals on the daily chart. According to the crypto expert, AVAX could rise more than 60% from current levels. Sharing the technical chart below, the analyst says:
There is a potential bullish divergence on the daily AVAX that could lead to a rise towards the $40 range in the current market. Overall, we think 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 traders buy LINK?
Chainlink (LINK) is an oracle network project where smart contracts provide off-chain data. Van de Poppe believes Chainlink will continue to rise, but says investors will have another chance if the price drops:
LINK has been fine so far. It seems to me that we are approaching $9 or $10 here. Of course, buying LINK for $6 is still a once-in-a-lifetime chance.
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 crashed, the notable altcoin Cardano
Cardano (ADA) and the decentralized financial network Curve DAO (CRV) are the latest altcoin projects on the analyst’s radar. Van de Poppe says that unless a critical resistance level is crossed, CRV could drop more than 10% from current levels and approach $1.09:
After CRV rejected at $1.45, I’m looking for a retest here.
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:
as ADA severely rejects resistance around $0.67, $0.51 for a reaction. We are looking at the $0.55 levels.
Cardano was trading at $0.5554 at the time of writing. As we have mentioned in the analysis of Kriptokoin.com, the improvements to be provided by the Vasil hard fork were effective in the rise of ADA.
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