Despite gaining 10% from last week, Bitcoin is still 70% less than the price of ATH. However, some experts interpret the movements of the past three weeks positively for the third quarter. Meanwhile, Michaël van de Poppe has shared 3 altcoin projects that he believes will gather today.
Analyst says LINK, ETH and a small-cap altcoin project are poised for recovery
Renowned cryptocurrency analyst Michal van de Poppe has updated his price predictions for 3 altcoin projects, including Ethereum. The analyst tells his followers that the Oracle Chainlink Network (LINK) is currently trading at an affordable price. In a series of tweets throughout the day, Poppe said:
Chainlink at $ 6-8 is still the opportunity of a lifetime.
In late May, Van de Poppe suggested that LINK’s price could emerge from its permanent decline if it reaches the $ 7.50 resistance level. Chainlink is currently trading at $ 6.38. It has gained around 6% from last week. On June 9, it rose to $ 9.46 before dropping below $ 5.50 just four days later. LINK is now preparing to test this resistance again.
According to the successful analyst, Ethereum is aiming for $ 1,400
Van de Poppe is optimistic about Ethereum, the largest smart contract platform on the market. Because ETH regained $ 1,000 on June 19th and has held the level ever since. Van de Poppe expects the price of the major altcoin to rise to $ 1,400. In his current analysis, he explained his predictions as follows:
Ethereum looks prepared for this rush. With a good daily recovery, I expect a rebound in the $ 1,080 range. I expect $ 1400 at potentially higher levels.
Here is the data sheet that Poppe shared for these predictions:
Ethereum is trading at $ 1,229.31 at the time of writing. Together with Bitcoin, they have been earning double digits since last week. Ethereum also recently completed an important testing phase for the merge.
The analyst takes one last look at Phantom
Michaël van de Poppe had previously stated that the FTM price would have to reach the “significant” level of $ 0.26 to support. The analyst now identifies two resistances for FTM after breaking through their next target’s $ 0.26 mark. According to Poppe, the next targets for the FTM price will be $ 0.29 and $ 0.31. The analyst says of Phantom:
FTM beats resistance. The region will change, showing $ 0.29 and possibly $ 0.31.
cryptocurrency.comAs she follows, not all analysts agree with Michaël van de Poppe. In his last analysis, “Boss” shared that he expects a decline in Bitcoin, XRP and BNB.
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