Popular crypto analyst Michaël van de Poppe is predicting rallies for Chainlink (LINK), Polkadot (DOT), Binance Coin (BNB), Cosmos (ATOM) and SKALE (SKL).
In a new YouTube strategy session, Van de Poppe tells his 163,000 subscribers that Chainlink is likely to rally after the decentralized oracle network first dips by as much as 20%.
“We’re probably going to see a case where things like Chainlink are going to bottom out around $4.50 to $5. It’s really close, I believe. And then we get a relief rally somewhere in 2023 taking place towards [about $17].”
At time of writing Chainlink is changing hands at $5.62.
Next, he says Polkadot could surge by as much as 432% from its current value of $4.51 at time of writing.
“I think that if we are in for a relief rally that one of those assets to add to the portfolio is definitely going to be Polkadot, given the fact that Polkadot is going to pretty much bring a rally towards the levels that we have here between $16 to $24.”
Van de Poppe says Cosmos is already rallying and is likely to continue to surge.
“We have had this retest at the high taking place. We’ve had a run to the highs and now we’re consolidating again. I think that once it cracks the high again [at $25.97] we’re going to have some sort of run-up taking place towards this block [up to about $35.00] as a relief rally just like we have been seeing in 2019 and 2020.”
At time of writing, Cosmos is changing hands at $10.10.
He next says that the native token of the crypto exchange Binance is finding support at its current price level. Looking at van de Poppe’s chart, he predicts BNB will surge to $400 by June.
“We are into support level at $233, which makes me believe that if Bitcoin is not going to fall too much at this point, it’s not a bad case to have the biggest exchange in your portfolio given the simple case that it’s going to be a bigger winner even when the markets are going to turn around.”
At time of writing, BNB is valued at $245.71.
Lastly, he says SKALE will continue moving up if it breaks a key price level of $0.0250.
“If it starts to break $0.025, it’s going to take out all these highs and start rallying quite fast towards [$0.200], which is, essentially, if you allocate it in a small portfolio, it could be an 8x to 12x during this year.”
SKALE is changing hands at $0.0211 at time of writing.
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Source: https://dailyhodl.com/2023/01/04/analyst-predicts-rallies-for-chainlink-polkadot-binance-coin-and-two-additional-altcoins-here-are-his-targets/