Popular crypto strategist Michaël van de Poppe is predicting what’s in store for decentralized oracle network Chainlink (LINK), Ethereum rival Near (NEAR) and three additional altcoins.
“I still think that LINK is a massive one to have in your portfolio.”
Looking at Van de Poppe’s chart, the LINK/ETH pair appears to be stabilizing after trending south for over a year.
Next up is smart contract platform Near, which Van de Poppe says is starting to generate bullish momentum.
“Crucial support to hold and potential buy the dip opportunity: area around $14. Resistance points: $18 and $20 zone.”
Another coin on the trader’s list is LOOKS, the native token of non-fungible token (NFT) marketplace LooksRare. According to Van de Poppe, LOOKS is currently trading within a wide range between $2 and $3.50.
“A clear resistance point can be found around the $3.50 barrier here. A clear support point can be found at $2. In between, based on the daily timeframe.”
The trader is also looking at Reserve Rights Token (RSR), a cryptocurrency that facilitates the stability of the asset-backed stablecoin known as the Reserve Token (RSV). Van de Poppe says he’s watching the price action of RSR against Bitcoin (RSR/BTC), which he notes is at a potential inflection point.
“Very simple chart at this point.”
According to Van de Poppe’s chart, RSR/BTC needs to convert resistance at 0.00000005 BTC ($0.023) as support to sustain its bullish momentum. Otherwise, he sees the pair correcting to 0.00000037 BTC, worth $0.017.
The last coin on the analyst’s radar is Audius (AUDIO), a decentralized sharing and streaming protocol for audio files. Van de Poppe predicts bullish continuations for AUDIO after taking out resistance at $1.25.
“This one is looking decent. Could even be continuing towards $2.25. Looking at $1.25 for dip buys on this one.”
Check Price Action
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 loses 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.
Featured Image: Shutterstock/Vink Fan/Natalia Siiatovskaia