Cryptocurrency analysts are always on the lookout for the next big breakout in the market. One such analyst, Michaël van de Poppe, has identified an Ethereum-based altcoin that he believes is gearing up for a massive surge. In a recent tweet, he shared his bullish outlook on Chainlink (LINK), a decentralized oracle network that is currently consolidating above the key support level of $9.54.
Van de Poppe pointed out several key resistance levels on the weekly chart, including $12.20, $16.05, and $18.55. He emphasized that Chainlink is still in a consolidation phase above crucial support levels and recommended buying in the $9-$11 range, calling it an “opportunity of a lifetime.” The current price of Chainlink stands at $11.10, reflecting a 4% increase in the last 24 hours.
Moving on to Bitcoin (BTC), van de Poppe noted that the leading cryptocurrency is showing bullish signs on the 12-hour chart after bouncing back from the $60,000 level. He predicted that Bitcoin might find its monthly low in the first week of October, citing strength in holding crucial support levels and reversing upwards. Bitcoin is currently trading at $62,117, up over 2% in the last 24 hours.
Finally, van de Poppe turned his attention to Sei (SEI), the native asset of the layer-one blockchain, which he believes is on an uptrend after bouncing off a key support level at $0.39. He mentioned that SEI is looking promising despite a significant correction and could follow an upward trajectory similar to SUI. The current price of SEI is $0.41, reflecting a more than 6% increase in the last 24 hours.
In conclusion, cryptocurrency traders and investors are closely monitoring the price movements of these altcoins as they show signs of potential breakouts. Van de Poppe’s analysis provides valuable insights into the market trends and opportunities for those looking to capitalize on the growing interest in cryptocurrencies. Stay updated on the latest developments by subscribing to email alerts and following The Daily Hodl on social media platforms like X, Facebook, and Telegram.