Widely followed crypto trader and analyst Michaël van de Poppe is predicting that two altcoins could surge by up to 50%.
Starting with decentralized oracle network Chainlink (LINK), Van de Poppe tells his 622,600 Twitter followers that the 25th-largest crypto asset by market cap could rally by nearly 50% to $12 if the $8 price level holds as support.
“I’d like to see LINK sustain above $8.
If that’s the case, the trend should continue upwards, and it could run towards $12.”
LINK is trading at $8.11 at the time of writing.
Next up is the native token of the smart contract-enabled blockchain, Fantom (FTM). According to the analyst, the Ethereum competitor could surge by between 40% and 50%.
“Fantom looks ready for continuation, as we still hold crucial levels here.
– Standard correction of 15%.
– Daily order block sustaining support.
– Continuation might lead to a rally of 40-50%.”
FTM is trading at $0.358 at the time of writing, after falling by about 12% over the past seven days.
Van de Poppe also analyzes the fifth-largest crypto asset by market cap, Binance Coin (BNB). According to the trader, Binance Coin could drop below the key psychological level of $300 if the $310 support area crumbles.
“Regarding BNB, nothing has changed.
It’s showing strength, in which $310 might be the low of this correction.
If that’s lost, I’d be aiming for $295 for potential long entries.”
BNB is trading at $304 at the time of writing, down less than a percent on the day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, 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 loses 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.
Featured Image: Shutterstock/eliahinsomnia/David Sandron
Credit: Source link
