A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a series of rallies.
In a new strategy session, crypto trader Michaël van de Poppe tells his 737,600 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) could soon hit $1 if it can break out of a trading range’s upper bound at $0.52.
“Very strong moves on the markets for SEI. Expecting this to break through this resistance zone, and if that’s the case, then I’m assuming we’ll see this one have a run toward the all-time high in the coming four-six weeks. Mimicking SUI.”
SEI is trading for $0.4892 at time of writing, down 4.5% in the last 24 hours. SEI reached an all-time high of $1.14 in March.
Next up, the analyst believes that the Ethereum (ETH)-based decentralized oracle provider Chainlink (LINK) may increase more than 23% from its current value after breaking out of a resistance level.
“A massive flip of LINK at $13 here. I expect upward momentum to take place and that we will see $18 as the next target. The low on LINK is in. It’s still a tremendous opportunity.”
LINK is trading for $14.60 at time of writing, down 3.6% in the last 24 hours.
Lastly, the analyst says that the native asset of the Ethereum scaling solution Optimism (OP) could soar by double digits if it can break through a key resistance level at $2.
“The markets are ready to break out. The old layer-1s have been moving extensively, now it’s time for the layer-2s to follow through. OP is one of them. I’m expecting a 60% move once it breaks through this resistance.”
OP is trading for $1.77 at time of writing, up 4% in the last week.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
