Cryptocurrency trader Michaël van de Poppe is leaning bullish on a top-10 altcoin by market cap while outlining a path forward for blockchain oracle Chainlink (LINK) and the native asset of the layer-1 blockchain Sui (SUI).
Starting with the third-largest crypto asset by market cap, Van de Poppe tells his 767,000 followers on the social media platform X that payments altcoin XRP could skyrocket by 213% from the current level.
According to the widely followed trader and analyst, the “optimal” entry level for a long opportunity on XRP is below $2.80.
“Is $10 possible? Yes.”
XRP is trading at $3.19 at time of writing
Next up is Sui. Van de Poppe says that if Sui’s immediate support holds, SUI could appreciate by approximately 36% from current levels.
“Very simple structure here.
Hold above $4 and we’ll see $6.
Lose this and the entire structure has been destroyed.”
SUI is trading at $4.42 at time of writing.
As for LINK, the widely followed crypto trader says the blockchain oracle “looks great” but could fall by around 19% from the current price if Bitcoin (BTC) turns bearish.
“Perhaps, if Bitcoin has that correction, there’s some more downside to happen to $21 – $22.
From that point, I expect we’ll see upward momentum towards $30 – $35 as the next target region.”
LINK is trading at $25.99 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
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.
Generated Image: Midjourney
Credit: Source link
