Popular crypto strategist Michaël van de Poppe is mapping out what’s ahead for a half dozen of altcoins including Binance Coin (BNB) and Chainlink (LINK).
Van de Poppe tells his 622,300 Twitter followers that BNB, the utility token of crypto exchange Binance, remains in a strong uptrend, but he’s expecting a slight pullback in the near term.
“Looking to see whether $295 sustains support. If that’s the case (and I doubt we’ll retest it), I’m assuming $375 is next.”
At time of writing, BNB is changing hands for $316, flat on the day.
Next up decentralized oracle network Chainlink. According to the crypto strategist, he’s also expecting a shallow pullback for LINK before rallying to his upside target of $12.
“Expecting to see $8 hold as support and then $12 is on the board for the potential target.”
At time of writing, LINK is swapping hands for $8.51, down 2.29% on the day.
Another altcoin on Van de Poppe’s radar is peer-to-peer payments network Litecoin (LTC). The analyst says LTC must keep its immediate support intact to sustain its uptrend.
“The trend is still upwards, but facing a crucial resistance at $65. I’d like to see it sustain above $58 and would be seeking for longs around $60. If those hold, no doubt we’ll be seeing continuation to $75 and possibly $95.”
At time of writing, LTC is trading at $61.75, up 1% in the past 24 hours.
Smart contract platform Harmony (ONE) is also on Van de Poppe’s list. According to the trader, Harmony is flashing strength in its Bitcoin pair (ONE/BTC).
“A clear order block of support should hold around 0.00000115 BTC ($0.027). If that’s the case, then I’m assuming another push happens towards 0.00000165 BTC ($0.039). Entries are also in the 0.00000114-0.00000125 BTC ($0.027-$0.030) region.”
At time of writing, the ONE/BTC is valued at 0.00000124 BTC ($0.03).
The fifth altcoin is Celer Network (CELR), a scaling platform designed to enable off-chain transactions in a secure manner. Van de Poppe is predicting a 40% rally for CELR as long as bulls hold the coin’s nearest support.
“The trend is upwards, as continuously higher lows are created. I’d like to see $0.0235-0.024 hold as support and then $0.034 is possible.”
At time of writing, CELR is up over 3% on the day at $0.025.
Van de Poppe is also watching the price action of Reserve Rights (RSR) token, a cryptocurrency that aims to facilitate the stability of the asset-backed stablecoin known as the Reserve Token (RSV). According to the crypto strategist, RSR is a bit tricky to trade because losing support at $0.007 could trigger a decline of over 17%.
“Currently on support, but if that one is lost, I don’t know if I want to play $0.0065 or whether I want to play $0.00575. Targets are clear, most likely $0.01 is doable if support holds.”
RSR is flat on the day, trading at $0.0074.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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 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/Roman Amanov
