Polygon and ChainLink shows strength, predicts double digit gains, said analyst
Widely followed crypto trader and analyst Michaël van de Poppe is expressing bullish sentiment towards Ethereum (ETH) rival and two popular altcoins.
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Van de Poppe told his 630,200 Twitter followers that the smart contract-enabled BNB blockchain (BNB) is showing “strength” and could go as high as $325, up about 14% from current levels. .
“This shows strength and actually holds $265 as support.
Now invest $285 for support and we'll be up and running.
Waiting for continuation towards $325.”
BNB is trading at $282 at press time.
As for Polygon (MATIC), the widely followed crypto trader and analyst says that he expects the Ethereum scaling solution to rally around 18% from current prices.
"Waiting for continuation towards $1."
MATIC is trading at $0.85 at press time.
The next step is the decentralized blockchain oracle network, Chainlink (LINK). Van de Poppe says that the 25th largest crypto asset by market capitalization will recover about 17% from the outgoing price.
"Follow the road. I'm still waiting for the sequel for $9."
LINK is trading at $7.66 at the time of writing.
As for Ethereum, Van de Poppe says that the second-largest crypto asset by market capitalization has recently turned resistance into support and is now poised to resume an uptrend that could rally around 18% above with current price.
“This movie looks like a sequel that just came out.
Assuming it breaks through $1,380, the next target is $1,600 for this target. "
ETH is trading at $1,356 at press time.
Oct 08, 2022