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 Michal 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.
Check Latest News Headlines
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/Eky Rima Nurya Ganda
This article was originally reported on The Daily Hodl.