Top Crypto Trader Plots What’s Next for Solana and Avalanche Say Altcoins Are Poised to Explode Up to 200%
Top crypto analyst Michaël van de Poppe says altcoin prices could rise by up to 200% as Bitcoin (BTC) and many other crypto assets rise.
Van de Poppe says his 619,600 Twitter followers that investors could see big returns for tokens like Avalanche (AVAX), Solana (SOL) and Chainlink (LINK).
“The whole market looks to continue to move heavily. Many altcoins and Bitcoin are breaking above the 50-day moving average. Bitcoin is breaking above the 200-week moving average. I seem to see a continuation of these altcoins for 100-200%.” “
The merchant says that AVAX could reach $41 from today’s price of $24.34.
“Altcoins are poised to run another 100-200% from here.
An example, AVAX is shown here:
- Break above 50-day MA earlier, retest confirms buying pressure.
- Acceleration occurs above $26 with all previous highs.
- 1D bullish divergence
Measure possible:
$37-41″
He says that Solana, currently trading at $43.31, could rise to $84, an increase of nearly 94%.
“An altcoin that can continue here, it is SOL.
Why?
- Holds above the 50-day MA.
- Constantly higher low pressure pushes up buyers’ pressure.
- Attacking $26 provides acceleration.
Potential targets:
$62
$84″
Van de Poppe says that it is also a good time to buy Chainlink as the blockchain oracle network is still trading at $7.20.
“Chainlink looks poised for a nice breakout. The USD and BTC pairs seem to be rallying as months of sideways action takes place. That’s where you invest. I still think $6-8 for LINK is a chance of a lifetime.”
Crypto asset prices rose after the US Federal Reserve’s policy meeting on Wednesday and Fed Chair Jerome Powell’s announcement of dovish interest rate hikes in the future.
At the time of writing, Bitcoin is trading at $23,916, up 4.72% in the last 24 hours. Ethereum (ETH) also gained 7.4% during the same time frame, trading at $1,740.
“Ethereum $1,700 and Bitcoin $23,600. Summer aid rally on fire. Long your longing!”
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