Widely followed crypto analyst Michaël van de Poppe says traders bullish on Cardano (ADA), Chainlink (LINK) and Near Protocol may be seeing prime opportunities soon.
The analyst tells his 589,000 Twitter followers that Cardano may have further to fall as it knocks hard on a big support level.
[adinserter block="1"]Van de Poppe says that he expects ADA to drop over 18% from current prices before it sees a macro reversal.
“ADA
Overall, the level of support on $ADA is currently at $0.80.
Honestly, I think we’ll lose that level and get a drop towards $0.65 region (daily order block) before we can reverse, as the liquidity is taken then too.”
Looking at Chainlink, the analyst says the market’s top oracle network is approaching heavily discounted levels, optimal for long-term LINK bulls. Van de Poppe says that a further 40% drop for Chainlink is in the cards and that a break of the $15 mark will be the turning point bulls need.
“LINK
Two things.
1. This one is getting into optimal investment areas.
2. The region around $8-9 is probably best. Not sure whether we’ll be hitting, but that seems likely.
If reclaim $15 happens -> party time.”
Van de Poppe has also got his eye on developer-focused NEAR Protocol. He maps out a possible price trajectory that sees NEAR bounce off the $10, finding support, and then igniting a bull run.
“NEAR
This one is interesting around $10.
Still marked that level down for a potential setup.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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 losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/ProStockStudio/Natalia
