A widely followed analyst and trader is laying out what he thinks is in store for a trio of altcoins including Solana (SOL) and Chainlink (LINK).
Crypto strategist Michaël van de Poppe tells his 669,500 followers on the social media platform X that Ethereum (ETH) rival Solana is in the midst of a strong uptrend that could take the altcoin close to $40.
“Solid strength, solid upward trend.
Wouldn’t be surprised if we reach $36-$39 on this one.
If the markets make a deeper correction, I’d be keen to get some SOL at $26-$28.”
At time of writing, SOL is trading for $31.70.
Next up is the decentralized oracle network Chainlink, which Van de Poppe says is finally doing really well after months of consolidation.
“Broke out of the multi-month range and continues to show strength. I won’t be surprised if we rally towards $12.50-13.00.
If we’ll be getting a deeper correction, buys at $9.60-10.00 on this one before continuation.”
At time of writing, LINK is trading for $10.89.
Another altcoin on the trader’s radar is the layer-2 scaling solution Arbitrum (ARB). Van de Poppe says that he’s expecting more rallies for ARB but a shallow pullback is in the cards.
“I’m expecting bullish continuation on this one.
Preferably, entries around $0.85-0.88 are required before continuation to $1.11.
A renewed test of the resistance at $0.98 is likely going to end up with a breakout to the upside.”
At time of writing, ARB is trading for $0.913.
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Featured Image: Shutterstock/Eky Rima Nurya Ganda
