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.
[adinserter block="1"]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.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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 assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
