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January 30, 2024

Analyst Predicts Rallies for Solana, Chainlink, Polygon and Two Additional Altcoins – Here Are His Targets

By Henry Kanapi

A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins including Solana (SOL), Chainlink (LINK) and Polygon (MATIC).

Analyst Michaël van de Poppe tells his 692,000 followers on the social media platform X that the native asset of the smart contract platform Solana looks primed for a move to the upside.

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According to the analyst, Solana’s consolidation period appears to have ended after SOL bounced from its recent low of around $79.

“Looks likely we’ll be continuing towards $140.” 

Source: Michaël van de Poppe/X

At time of writing, SOL is worth $103, up over 6% in the past day.

Looking at the native asset of the decentralized oracle Chainlink, Van de Poppe also thinks LINK is ripe for a burst to the upside.

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“This one is ready for $25 as it has been holding crucial levels.” 

Source: Michaël van de Poppe/X

At time of writing, LINK is worth $14.98, up over 2% in the last 24 hours.

Next up is the native asset of the blockchain scaling solution Polygon. According to Van de Poppe, MATIC could rise by as much as 85% from current levels.

“Higher timeframe support levels have been holding and liquidity has been taken.

I’m expecting another upward push, although MATIC has also been underperforming.

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Next rally could be to the $1.25-1.50 region.” 

Source: Michaël van de Poppe/X

At time of writing, MATIC is trading at $0.817.

The analyst also has his radar locked on the Ethereum (ETH) scaling solution Arbitrum (ARB). Van de Poppe says ARB looks poised for a big surge after holding the $1.60 level as support.

“If it gets back in the $1.40-1.60 area, it’s obviously an entry, but I think we’ll continue with the Layer 2s. Probably this one can surge to $3-$4.” 

Source: Michaël van de Poppe/X

At time of writing, ARB is worth $1.85.

The last coin on the trader’s list is the native asset of the interoperable blockchain Polkadot (DOT). Van de Poppe believes that DOT could ignite a more than 100% rally after its recent pullback.

“Great weekly candle across the board, including DOT. Had a 30-40% correction, which are massive opportunities within a bull market. I think we’re ready for the next upward impulse move, perhaps $15 for Polkadot.”

Source: Michaël van de Poppe/X

At time of writing, DOT is worth $7.

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