The widely followed trader and analyst Michaël van de Poppe is highlighting one crypto project in the Ethereum (ETH) ecosystem whose token he believes could go up by triple-digit percentage points.
Van de Poppe tells his 773,600 followers on the social media platform X that blockchain oracle Chainlink (LINK) appears bullish against Bitcoin (BTC) and could double in price.
According to the widely followed analyst, the Chainlink/US dollar pair could subsequently appreciate by around 169% from the current level.
“LINK forms a higher low, which indicates that we’re likely into a new uptrend.
My first target is around 2x in BTC value, which should equal around $40 – $50.”
LINK is trading at $18.60 at time of writing.
Next up is the native token of the layer-one blockchain project Sui (SUI). The widely followed analyst says Sui could go up by around 61% from the current level after bouncing off a major support zone.
“SUI is an example of what the markets are likely going to do.
It had a high-time frame support test of the order block around $2.50.
Massive interest and price jumped up pretty quickly, to be followed with a strong green weekly candle.
I think that we’ll see a new high on this soon.”
SUI is trading at $3.32 at time of writing, down by approximately 38% from the all-time high of $5.35.
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