Widely followed crypto trader and analyst Michaël van de Poppe is predicting that two altcoins could surge by up to 50%.
Starting with decentralized oracle network Chainlink (LINK), Van de Poppe tells his 622,600 Twitter followers that the 25th-largest crypto asset by market cap could rally by nearly 50% to $12 if the $8 price level holds as support.
“I’d like to see LINK sustain above $8.
If that’s the case, the trend should continue upwards, and it could run towards $12.”
LINK is trading at $8.11 at the time of writing.
Next up is the native token of the smart contract-enabled blockchain, Fantom (FTM). According to the analyst, the Ethereum competitor could surge by between 40% and 50%.
“Fantom looks ready for continuation, as we still hold crucial levels here.
– Standard correction of 15%.
– Daily order block sustaining support.
– Continuation might lead to a rally of 40-50%.”
FTM is trading at $0.358 at the time of writing, after falling by about 12% over the past seven days.
Van de Poppe also analyzes the fifth-largest crypto asset by market cap, Binance Coin (BNB). According to the trader, Binance Coin could drop below the key psychological level of $300 if the $310 support area crumbles.
“Regarding BNB, nothing has changed.
It’s showing strength, in which $310 might be the low of this correction.
If that’s lost, I’d be aiming for $295 for potential long entries.”
BNB is trading at $304 at the time of writing, down less than a percent on the day.
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Featured Image: Shutterstock/eliahinsomnia/David Sandron
Source: https://dailyhodl.com/2022/08/18/chainlink-link-and-one-ethereum-eth-rival-could-explode-by-up-to-50-says-top-crypto-analyst/