AwidelyfollowedcryptostrategistbelievesthatadecentralizedoraclerunningonEthereum(ETH)isgearingupforabigmarketreversal.
AnalystMichaëlvandePoppetellshis733,600followersonthesocialmediaplatformXthathe’sbullishonChainlink(LINK).
VandePoppepredictsthatLINK’simmediateresistancewillcrumbleifthealtcoinwitnessesanotherupsidemove.
“IbelievethatLINKwillbebreakingoutinthenextonetotwoweeks.
Anothertestof$13isgoingtobethetrigger–>$18next.”
Source:MichaëlvandePoppe/X
Attimeofwriting,LINKistradingfor$10.96.
LookingatEthereumitself,VandePoppesharesachartsuggestingthatETHwillrallyabove$3,300ifitmanagestobreachakeyresistancelevel.
“ETHbouncedupwards,andnowthemacroeconomicweeksarekickingin.
Thequestionis:arewegoingtoseesomeupwardmomentumorwillitretest$2,000?
Testing$2,750again=breakout.”
Source:MichaëlvandePoppe/X
Attimeofwriting,Ethereumisworth$2,479.
Thelastaltcoinonthetrader’sradaristhenativeassetofthelayer-2solutionOptimism(OP).AccordingtoVandePoppe,OPisoneresistancelevelawayfromwitnessingabigbursttotheupside.
“IthinknextweekwillbetheweekthattheETHecosystemwakesup.
OPisdoinggreat,justconsolidating.
Above$1.75=partytime.”
Source:MichaëlvandePoppe/X
Attimeofwriting,OPistradingfor$1.56.
GeneratedImage:Midjourney
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