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A widely followed crypto trader is forecasting bullish continuations for a handful of altcoins including XRP, Chainlink (LINK) and Polygon (MATIC).
Analyst Michaël van de Poppe tells his 660,300 Twitter followers that the cross-border payments solution XRP will likely witness a deeper pullback at around $0.65 before it regains its bullish momentum.
According to Van de Poppe, the rally following the dip could send XRP to as high as $0.90.
“Mega move. For scalps, I’d be interested in the ranges of $0.65-0.69 on this one. If that sweep happens, probably we’ll have a new leg up after.”
At time of writing, XRP is worth $0.72.
Next up is the decentralized oracle network Chainlink. Van de Poppe is predicting a massive rise in LINK’s value after the altcoin recovered support at $6.
“So far, so good for Chainlink.
Needs to hold above $6.”
Looking at the trader’s chart, he appears to predict that LINK could rally to as high as $16. At time of writing, LINK is trading for $6.92.
The last altcoin on the analyst’s radar is the blockchain-scaling solution Polygon. According to Van de Poppe, MATIC could dip as low as $0.75 before starting its next leg up.
“Two areas of interest on this one. Aggressive approach, I’d be interested at $0.79-$0.80. Conservative approach, I’d be interested at $0.75. Probably not done with this upwards momentum.”
At time of writing, MATIC is worth $0.798.
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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/Natalia Siiatovskaia/Tithi Luadthong
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